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[Music] termination describes the process whereby a party for its own convenience may terminate the contract prior to its natural end date so the contract should indicate process and consequences if Anning of terminating for convenience normally theyll be a process for example one party must give the other party 30 days advance notice or 60 days theres no standard there its whatever the parties agreed to in many cases notice must be given to a particular individual or particular office designated in the contract for example youll often see a notices section in the contract where official representatives of each party are identified for purposes of providing notices under the contract and there are different types of notices Notice of Intent to terminate is just one type of notice so the concept here is that you want to make sure to include uncountable obligations and Ill explain what I mean by that and if you are accepting or contemplating accepting a fixed-price contract you may
