Sometimes in business, things just don’t work out. And when it comes time to part ways, you need a Termination Agreement to release you and your client from the contract you signed when you first started working together.
The Termination Agreement is designed to be used only to terminate an existing written contract or other agreement (it is not a standalone agreement). It spells out any remaining payments owed by either side, and any parts of the contract that will continue to remain in effect after termination.
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