termination clause

A termination clause is a provision in a contract that outlines the conditions under which either party can end the agreement. It specifies what actions or events may trigger termination, such as failure to meet obligations or notice periods. This clause helps both parties understand their rights and responsibilities, provides a clear process for ending the contract, and can protect them from potential losses or disputes. In essence, it serves as a guideline for how to formally conclude a contractual relationship when needed.