Right of a Party to Terminate Clause Samples

The "Right of a Party to Terminate" clause grants one or both parties the legal ability to end the contract before its natural expiration under specified circumstances. Typically, this right may be triggered by events such as a material breach, insolvency, or failure to meet key obligations, and the clause will outline the process for providing notice and any required cure periods. Its core function is to provide a clear and agreed-upon mechanism for exiting the agreement when continuing would be impractical or unfair, thereby managing risk and protecting the interests of the parties involved.