The following contract language is not uncommon in insurance brokerage agreements:
Term and Termination. The Agreement will continue in effect until the earliest to occur of the following (1) either Party gives at least 30 days notice to the other Party of termination of the Agreement for convenience (which may be for any reason or no reason at all)…..
Why would any “independent” insurance agent agree to this? Why would an insurance company trigger this provision? It’s simple…………Illiterate insurance agents find comfort under the watchful eye of their slave master and dare not leave the safety of the plantation to serve another master.
