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To terminate a contract, first examine the termination clause within the contract, as it outlines the necessary steps. Typically, this involves providing written notice, which must adhere to a specified time frame (commonly 30, 60, or 90 days). Additionally, the notice should be sent to a designated key individual mentioned in the contract. It's crucial to follow these guidelines since mishandling contract termination can expose you to legal risks. Always ensure that you understand the terms clearly before proceeding.