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To terminate a contract, the first step is to examine the termination clause in your contract, as this outlines the necessary process. Typically, you will need to provide a written notice within a specified time frame, often 30, 60, or 90 days. Additionally, the notice must be sent to a key individual specified in the contract. It’s crucial to follow these guidelines closely, as failing to do so can expose you to legal risks. Understanding the correct procedure will help ensure a smoother termination process.