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To terminate a contract, it's crucial to refer to the specific termination clause within the contract, as this is where the process is outlined. Typically, these clauses require several steps. Firstly, a written notice must be provided, often within a designated time frame such as 30, 60, or 90 days. Additionally, the notice must be sent to a specified key person mentioned in the contract. Following these guidelines is essential, as improper termination can lead to significant legal exposure. Understanding these terms and adhering to them is key to successfully terminating a contract.
