Oklahoma Purpose Of Termination Proceeding is a legal process in which an individual or business entity seeks to terminate a contract with another party. This process is available in Oklahoma for a variety of reasons, including breach of contract, nonpayment of money owed, failure to fulfill contractual obligations, and other reasons. There are two types of Oklahoma Purpose Of Termination Proceeding available: judicial termination and non-judicial termination. Judicial termination is the process of having a court rule on whether a contract should be terminated. This process requires filing a lawsuit, presenting evidence to the court, and having the court make a decision whether the contract should be terminated. Non-judicial termination is the process of negotiating with the other party in order to come to an agreement about the termination of the contract. This process does not require a court ruling, but does require the consent of both parties. If the parties can come to an agreement, they can draft a termination agreement and submit it to the court for approval. Overall, Oklahoma Purpose Of Termination Proceeding is a legal process that individuals and businesses can use to terminate a contract with another party. This process can be either judicial or non-judicial, depending on the situation, and requires both parties to agree to the terms of the termination.