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To terminate a contract, it's crucial to carefully review the contract's termination clause, as failing to follow it can expose you to legal issues. Typically, these clauses outline a specific process, including requirements such as providing written notice within a designated timeframe (often 30, 60, or 90 days). Additionally, the notice must be sent to a key individual specified in the contract. Proper adherence to these steps is essential for a successful termination.