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When a contract is terminated, it means that the agreement between two parties has been ended before its original completion date. In simpler terms, it is a legal way of breaking a contract.

There could be various reasons why a contract gets terminated. It could be due to a breach of terms and conditions by one of the parties that goes against the agreement. It could also happen when one party fails to fulfill the obligations mentioned in the contract, or when the terms of the contract become irrelevant or unenforceable.

Termination of a contract can be either through mutual agreement between both parties involved or by taking legal action. Depending on the terms and conditions mentioned in the contract, there could be consequences and penalties for breaking the contract.

One of the most common reasons for terminating a contract is when it`s a contract of employment. In such cases, if an employee violates the terms of their employment contract, it can lead to the termination of their employment. It could be due to misconduct, poor performance, or even redundancy.

Terminating a contract is not always an easy process. It requires careful consideration and proper communication between both parties involved. It is essential to follow the legal procedures and ensure that all the terms and conditions mentioned in the contract are followed.

In conclusion, the termination of a contract means that the agreement between two parties has been brought to an end. It could be due to many reasons, but it`s essential to follow the legal procedures and ensure that all the terms and conditions mentioned in the contract are followed. Contract termination can be a challenging and stressful process, but with proper communication and careful consideration, it can be done smoothly.