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Anor 2008 6 MLJ 636. 100 106 Nafas Abadi Holdings Sdn. Bhd. v Putrajaya Holdings Sdn. Bhd Anor 2004 MLJU 148. 1995 1 AMR 189. 98 LEC Contractors Sdn Bhd v Castle Inn Sdn Bhd 2000 3 AMR 2625. 98 Karya Lagenda Sdn. Bhd v Kejuruteraan Bintai Kindenko Sdn. Bhd. Good Carriage Sdn. Bhd. v Sendi Emas Sdn. Bhd. 1999 1 MLJ 691. 89 Tasja Sdn. Bhd. v Golden Approach Sdn. Bhd. 2010 MLJU 489. 90 Haji Hussin bin Haji Ali Ors v Datuk Haii Mohamed bin Yaacob Ors 1983 2 MLJ 227. 91 Nik Che Kok v Public Bank...
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Read the contract thoroughly to understand the terms and conditions for mutual termination.
02
Identify the reasons for terminating the contract mutually.
03
Consult with an attorney or legal advisor to ensure you are following the correct legal procedure for mutual termination.
04
Prepare a mutual termination agreement outlining the terms of the termination.
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Include details such as effective date, reasons for termination, and any agreed-upon compensation or settlement.
06
Ensure all parties involved sign the mutual termination agreement.
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Notify any relevant stakeholders, such as clients or third parties, about the termination.
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Conduct a thorough review of any obligations, responsibilities, or pending matters related to the contract.
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Complete any necessary paperwork or documentation required for the termination.
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Keep copies of all correspondence and documentation related to the mutual termination for future reference.

Who needs mutual termination of contract?

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Individuals or businesses who want to end a contract on agreed terms.
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Parties facing issues or disagreements that cannot be resolved through negotiation or amendment of the existing contract.
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Parties seeking to avoid legal disputes or penalties that may arise from breaching the contract.
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