termination clause

Quelle: https://www.investopedia.com/terms/t/termination-clause.asp

A termination clause is a contractual provision that specifies the conditions and notice periods under which a contract may be terminated by one or both parties. It governs the method and timing of termination, grounds for termination (including breach or convenience where applicable), and the consequences and post-termination obligations (such as return of materials or settlement of outstanding matters).

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