A Termination Clause is a provision in a contract that outlines the conditions under which the agreement can be ended by either party. This clause specifies the notice period required, the reasons for termination, and any obligations that must be fulfilled before the contract can be terminated. It helps protect the interests of both parties by providing a clear process for ending the agreement. Having a well-defined Termination Clause is important in various types of contracts, including employment agreements, leases, and service contracts. It ensures that both parties understand their rights and responsibilities, reducing the risk of disputes and misunderstandings if the relationship needs to be dissolved.