Termination of Contract on premises is the ending of a contractual agreement between two or more parties in a physical location. This type of termination can be either mutual or unilateral, depending on the terms and conditions of the contract. Mutual Termination of Contract on premises occurs when both parties agree to end the contract, often due to a breach of contract or to fulfill their obligations to one another. Unilateral Termination of Contract on premises occurs when one party terminates the contract without the consent of the other party and usually requires legal action. This type of termination can be done for a variety of reasons such as breach of contract, failure to perform, or expiration of the contract. In both types of termination, the parties involved must adhere to the laws and regulations governing contracts in their jurisdiction. Termination of Contract on premises must also be done in an orderly fashion to avoid any legal ramifications.