Termination Agreement
/tɜːrmɪˈneɪʃən əˈɡriːmənt/
Definitions
- (n.) A contract that formally ends a prior agreement between parties, detailing terms of cessation and obligations on termination.
The parties signed a termination agreement to dissolve the partnership amicably.
Forms
- termination agreement
- termination agreements
Related terms
See also
Commentary
Drafting a termination agreement should clearly specify the rights and duties of each party post-termination to avoid future disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.