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To terminate a contract, it’s crucial to carefully examine the contract's termination clause. This clause typically outlines a specific process that must be followed to avoid legal issues. Common requirements include providing written notice within a specified timeframe (often 30, 60, or 90 days) and sending this notice to a designated key person mentioned in the contract. Failure to adhere to these stipulations can expose you to risks and potential legal consequences. Always ensure you follow the outlined process to ensure a proper termination.