Contract Termination

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This document is for the mutual termination of a contract.  It is suitable for a contract which is governed by English law.

 

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Contract Termination

Agreement for the termination of a contract between the contracting parties

Background 

The parties to a contract may agree to bring an agreement to an end earlier than originally envisaged.

The contract may itself provide for circumstances in which the contract may be terminated.

These include:

  • completion: termination of the contract once the subject-matter of the contract has been achieved
  • notice: termination by one party by giving a specified period of notice to the other party
  • breach: termination by one party either on immediate notice or by giving a specified period of notice following the breach of the contract by the other party (the defaulting party).  The contract may provide that the breach must be “material” or “repeated” and/or that the defaulting party has a period of time in which to remedy the breach before the non-defaulting party may terminate the contract

In the absence of a party being entitled to terminate the contract by its terms, the termination of a contract will require the mutual agreement of both parties to the contract.

About this document

This document is for the mutual termination of a contract.  It is suitable for a contract which is governed by English law.

Document features

Features include:

  • Mutual termination of the agreement, agreed by both parties to the specified contract
  • Release of liabilities and all claims under the agreement, whether known or unknown

Explanatory guidance

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

contract termination

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