16. Steven Kaldi contracted to sell insurance on behalf of Farmers Insurance Exchange. The contract provided that either the agent or Farmers could terminate it with three months' notice. If Farmers were to terminate the agreement, Kaldi could request a review of the termination by a review board. Fifteen years later, Farmers gave notice of termination, Kaldi requested a review, and the review board approved the termination. Kaldi sued Farmers, alleging that it did not have the right to terminate the agency. Did it? Why or why not