What is the term for when a license holder ceases to perform their duties in an agency relationship?

The term for when a license holder ceases to perform their duties in an agency relationship is abandonment. Abandonment occurs when an agent neglects their responsibilities and ceases communication or engagement with the client, leaving the relationship without proper closure or guidance. This can lead to complications for the client, who may be left without assistance or support in their matters.

While termination refers to the official end of an agency relationship, which can occur for various reasons such as mutual agreement or completion of duties, abandonment specifically connotes a lack of action or communication from the agent. Revocation typically involves the revocation of the agent's authority by the principal, while withdrawal refers to the agent voluntarily deciding to end the agency relationship—both of which imply some level of engagement or communication. In contrast, abandonment emphasizes a failure to carry out duties and responsibilities altogether.