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To terminate a contract, it's essential to carefully review the termination clause within the contract itself. This clause typically outlines a specific process that must be followed. Commonly, you are required to provide written notice, with specified notice periods such as 30, 60, or 90 days. Additionally, the notice must be sent to a designated key person mentioned in the contract. Following these steps ensures that the termination is conducted properly and mitigates legal exposure. Understanding these requirements is crucial, as mishandling contract termination can lead to significant risks.