Termination

Termination, in legal terms, refers to the end of a contract or agreement between parties. This can occur for various reasons, such as fulfilling the agreement, a breach of its terms, or mutual consent. When a contract is terminated, the obligations of the parties are typically concluded, though some responsibilities might survive the termination, like confidentiality or non-disclosure clauses. Understanding the conditions under which a contract can be terminated is essential to ensure that all parties are aware of their rights and legal obligations, which helps prevent disputes and protects interests.