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To terminate a contract, it is crucial to examine the contract's termination clause, as this area of law can expose you to risks if handled improperly. Typically, the termination clause outlines specific procedures to follow. Generally, you must provide written notice within a specified timeframe—often ranging from 30 to 90 days. Additionally, it's common for the contract to specify a key person to whom the notice must be sent. Carefully adhering to these steps is essential to effectively terminate a contract and avoid potential legal issues.
