Corporate Law
Q. Can you terminate a business contract before it expires?
A.
Contracts can be terminated by mutual agreement, contractual clause, or for breach. Damages may apply.
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Termination methods: (1) mutual agreement (Art. 521), (2) contractual termination clause, (3) statutory termination for breach after notice (Art. 541-542), (4) reasonable notice for indefinite contracts. Damages may apply (Art. 545).
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
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