Termination

Termination is the ending of a contract by agreement, breach, or expiration, releasing parties from further obligations.

Termination TypeCause
Mutual agreementBoth parties consent
BreachOne party violates terms
CompletionAll obligations fulfilled
ExpirationTime period ended
Force majeureExtraordinary circumstances
ConsequencesEffect
Obligation releaseNo further duties
Financial settlementOutstanding amounts paid
Property returnPossession transferred
Deposit treatmentReturn or forfeiture decided

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