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To terminate a contract, it’s crucial to carefully review the contract's termination clause, which outlines the necessary steps to follow. Typically, this involves providing written notice within a specified time frame, often ranging from 30 to 90 days. Additionally, the notice must be sent to a designated key person mentioned in the contract. Failing to adhere to these requirements can expose you to legal risks, making it essential to understand the contractual obligations clearly. By following the outlined process, you can effectively and legally terminate the contract.