General principles – Contracts come to an end for various reasons. One is that the period – or term – of the contract expires and is not renewed. Or one party may exercise a right in the contract to terminate it early, either for any reason (without cause) or with cause as set out in the contract, for example if there is a material breach or insolvency. This chapter looks at the various ways contracts may end and the implications arising.
The contract term – When planning a contract you should consider how long you want the contract to last and how it can be ended. If not, you might: