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In the video, Simon from The Contract Company addresses the topic of terminating a contract, highlighting its complexities and potential risks. He emphasizes the importance of carefully reviewing the termination clause within the contract. Typically, these clauses outline a specific process that must be followed, which often includes providing written notice for a designated period—usually 30, 60, or 90 days. Additionally, the notice often needs to be sent to a specified key individual mentioned in the contract. Simon underscores the need to pay close attention to these requirements to avoid misunderstandings or legal issues.
