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In this tutorial, Simon from The Contract Company discusses the process of terminating a contract, highlighting the importance of understanding the specific termination clause within the contract. He explains that many termination clauses outline a required procedure, typically involving giving written notice within a specified timeframe, often ranging from 30 to 90 days. Additionally, it is crucial to send this notice to a designated individual mentioned in the contract. The video emphasizes that careful adherence to these stipulations is essential, as mistakes can expose individuals to legal risks.
