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To terminate a contract, it's crucial to carefully examine the termination clause within the contract itself. This clause typically outlines a specific process that must be followed, which often includes providing written notice within a designated time frame (commonly 30, 60, or 90 days). Additionally, it may require that this notice be sent to a key person specified in the contract. Failure to adhere to these stipulations can lead to legal exposure, making it essential to follow the instructions closely.