contract termination
Deal officially dissolved
Contract termination is the ending of a contractual agreement between parties, whether by fulfillment of its terms, mutual agreement, breach, or expiration.
The phrase appears in legal and business contexts: The contract termination clause allows either party to exit with thirty days' notice.
To terminate a contract is to bring it to a formal end, releasing parties from their obligations.
- rescissionFormal annulment of agreements
- expirationEnd of validity
- mutual consentAgreement by all parties
- noticeBecome aware of
- damagesCompensation for injury
novation · penalties · severance package · illegality · restitution · breach · force majeure · cure period · cooling off period · repudiation · redundancy · pink slip · material breach · retrenchment · impossibility · forfeiture · cancellation · walk away
- careersdoctor, lawyer, teacher, engineer, nurse
- contractsbinding contracts, lease, clause, oral, severance package
- sales lawsale, buyer, goods, seller, implied warranty
- cutbackscutback, cutbacks, decrease, layoff, reduction
- dissolutionbreakup, breakdown, liquidation, wind down, disintegration
- revocationslicense revocation, revocation
contract terminationcontract renewal
Extending an existing agreement
contract extension · contract execution · contract signing · deal closing · automatic renewal