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To terminate a contract, it's essential to carefully examine the termination clause within the contract itself, as this area of law can be complex. Generally, these clauses outline a specific process that must be followed, including providing written notice, which typically requires a designated notice period of 30, 60, or 90 days. Additionally, the notice must be sent to a key individual specified in the contract. Failing to adhere to these requirements can lead to significant legal exposure. Understanding and following these steps is crucial to effectively terminating a contract.