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Complete Termination. The purpose of termination clauses is to remove issues surrounding breach of contract claims and termination.A termination clause is a written provision in an agreement that defines the circumstances under which said agreement can be terminated. A termination clause may spell out specific acts or omissions that warrant termination or it may simply make any uncured breach a cause of termination. Termination clause is a section of a swap contract (or employment contract) that describes the procedures and remedies if one party ends the contract. A termination of agreement clause provides details in which parties can end their legal relationship and discontinue the fulfillment of their obligations. 49.603-3 Cost reimbursement contracts-complete termination, if settlement includes cost. These clauses create situations where the contract may be terminated for a failure to perform specific or general duties under the contract. Termination Clauses. Termination With Cause.
