Termination of agreements refers to the process of ending a contract or arrangement between parties. This can occur for various reasons, such as mutual consent, completion of the contract's terms, or a breach of the agreement. When an agreement is terminated, the parties are released from their obligations, and any remaining duties or rights may be resolved according to the terms outlined in the contract. There are different types of termination, including voluntary termination, where both parties agree to end the contract, and involuntary termination, which may happen due to legal issues or failure to meet obligations. Understanding the terms of termination is essential for all parties involved to avoid potential disputes.