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To terminate a contract, it’s essential to review the contract's termination clause, which outlines the specific process to follow. Typically, this process includes providing written notice, adhering to a specified notice period (commonly 30, 60, or 90 days), and sending the notice to a designated key person mentioned in the contract. Failing to follow these steps can expose you to legal risks, making it crucial to understand the requirements detailed in your contract before proceeding with termination.