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To terminate a contract, it's crucial to examine the termination clause within the actual contract. Typically, these clauses outline a specific process that must be followed. This often includes providing written notice, adhering to a specified notice period (commonly 30, 60, or 90 days), and ensuring that the notice is sent to a designated key person mentioned in the contract. Properly following these steps is essential to avoid potential legal issues, as terminating a contract can be a complex area of law.