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To terminate a contract, it's crucial to carefully examine the termination clause within the contract itself. These clauses typically outline a specific process that must be followed, which often includes providing written notice to the other party, adhering to a specified notice period (commonly 30, 60, or 90 days), and sending the notice to a designated key person mentioned in the contract. Failing to comply with these requirements can expose you to legal risks, so it's essential to follow the outlined steps accurately.