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To terminate a contract, it is crucial to review the contract’s termination clause, as this is where the process is outlined. Typically, these clauses require you to provide written notice within a specified time frame, which can be 30, 60, or 90 days. Additionally, you often need to send the notice to a key person specified within the contract. It's important to follow these steps carefully, as failing to adhere to the outlined process can expose you legally. Always ensure you understand these stipulations before proceeding with termination to mitigate any risks associated with the process.