Termination Clause
Type: noun
Pronunciation: /tur-muh-nay-shun-klawz/
Also spelled or known as: Termination, Cancellation Clause
Plural: Termination Clauses
Related: Contract
What does Termination Clause mean? A provision describing when and how a contract may be ended before its normal expiration.
Termination clauses often specify notice requirements, grounds for termination, and post-termination obligations.
Termination Clause synonyms: Cancellation Clause, Contract Termination Provision, Exit Clause
Example sentence: “The attorney reviewed the termination clause before signing.”
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