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To terminate a contract, it's essential to carefully review the contract's termination clause, which outlines the required process. Typically, this involves providing written notice within a specified time frame, such as 30, 60, or 90 days. Furthermore, the notice must be sent to a key person identified in the contract. It's crucial to adhere to these stipulations to avoid legal issues, as contract termination can expose you to risks if not handled correctly. Always ensure you follow the specified procedures to effectively terminate the agreement without complications.