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To terminate a contract, it's essential to refer to the contract itself and examine the termination clause, which outlines the necessary steps. Typically, this process requires providing written notice within a specified time frame (commonly 30, 60, or 90 days) and sending this notice to a designated key person specified in the contract. It’s crucial to follow these procedures carefully to avoid potential legal issues, as improper termination can expose parties to liability. Understanding the specific terms and conditions of your contract is key to a successful termination.