Termination Clause
A termination clause defines the circumstances and process by which parties can end a contract before natural completion.
| Termination Grounds | Trigger |
| Material breach | Serious violation by party |
| Force majeure | Unforeseeable events |
| Convenience | Either party option with notice |
| Condition failure | Contingency not satisfied |
| Mutual agreement | Both parties consent |
| Clause Components | Element |
| Notice period | Advance warning required |
| Financial penalties | Costs of early termination |
| Cure period | Time to remedy breach |
| Return obligations | What must be given back |
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