What is a contract termination form?


Quick Answer

A contract termination form informs all parties included in a contract that the agreement is being terminated. The form is used when services included in a contract are no longer needed or when an individual is dissatisfied with the performance of services included in a contract.

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Full Answer

Contract termination forms help maintain business relationships in case similar services are needed in the future. The form includes the terms under which an individual is allowed to void a contract and the date when the contract ends. Contract termination forms also serve as a legal record in case any parties have a difference of opinion in the future or choose to take legal action.

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