Termination Clause

A termination clause specifies the conditions under which a contract can be ended before its natural expiration date.

How It Works in Contracts

Termination clauses define termination for cause and for convenience, notice periods, cure periods, and post-termination obligations.

Examples

Either party may terminate with 30 days' written notice
Immediate termination upon bankruptcy
Termination after a 15-day cure period if breach is unremedied

Related Terms

Related Resources

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Frequently Asked Questions

What is contract lifecycle management?: Contract lifecycle management (CLM) is the process of managing contracts from creation through execution, compliance, and renewal. Snifty Contracts automates this with AI-powered data extraction, approval workflows, and renewal alerts.
How much does Snifty Contracts cost?: Snifty Contracts offers two plans: Essential at $99/month (or $82.50/month billed annually) and Professional at $199/month (or $166/month billed annually). Both include a 7-day free trial.
How long does it take to set up Snifty Contracts?: Snifty Contracts can be set up in under 60 minutes. Simply sign up, upload your contracts, and the AI automatically extracts key details like parties, dates, and values.
Can Snifty Contracts send renewal reminders?: Yes. Snifty Contracts automatically sends configurable email reminders before contract renewal dates. You can customize reminder schedules per contract or set organization-wide defaults.