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A sample early termination clause is a section in a contract that outlines the conditions under which the contract can be terminated before the agreed upon end date.
The parties involved in the contract are required to include a sample early termination clause in the agreement.
To fill out a sample early termination clause, parties must clearly define the circumstances under which the contract may be terminated early and any penalties or obligations that may arise as a result.
The purpose of a sample early termination clause is to provide a clear understanding of the rights and responsibilities of the parties involved in the contract in the event that the contract is terminated early.
The sample early termination clause should include details on the conditions for termination, notification requirements, any penalties or fees for early termination, and any obligations that continue after termination.
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