Termination date clause: Copy, customize, and use instantly
Introduction
A termination date clause specifies the exact date or event that marks the end of the agreement or contract. This clause is crucial for clarifying the duration of the agreement and outlining when the obligations and rights of the parties involved cease. The termination date can be based on a set time frame or a specific event, ensuring both parties understand when the contract no longer applies.
Below are templates for termination date clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Fixed termination date clause
This variation applies when the termination date is set to a specific date.
The term of this agreement shall commence on [Start Date] and shall terminate on [Termination Date], unless earlier terminated in accordance with the provisions of this agreement. After the termination date, neither party shall have any further obligations under this agreement, except for those expressly stated in this agreement to survive termination.
Termination date based on completion of project clause
This variation applies when the termination date is based on the completion of a specific project or milestone.
This agreement shall terminate upon the completion of the [specified project or task], which is estimated to occur on or about [Estimated Completion Date]. The termination date may be adjusted if the project timeline changes, and both parties must mutually agree to any changes in writing.
Termination date upon notice clause
This variation applies when the termination date is determined by either party giving notice.
Either party may terminate this agreement by providing [X] days’ written notice to the other party. The termination date shall be the date that falls [X] days after the notice is received by the other party. Any obligations incurred prior to the termination date shall survive termination.
Automatic termination date clause
This variation applies when the agreement automatically terminates after a specific event or period.
This agreement shall automatically terminate upon the occurrence of [specific event, e.g., expiration of a set period, bankruptcy of either party, etc.]. The termination will take effect without the need for further action by either party, except for any obligations that are required to survive the termination.
Conditional termination date clause
This variation applies when the termination date depends on a specific condition or set of conditions being met.
The termination date of this agreement shall be [Termination Date] or the date on which [specified condition] occurs, whichever is earlier. If the condition is not met, the agreement will continue until such a time as the condition is satisfied or until either party provides written notice of termination.
Renewal and termination date clause
This variation applies when the agreement includes both a renewal and termination date.
This agreement shall remain in effect until the [Termination Date], unless extended by mutual written agreement of both parties. If no extension is agreed upon, this agreement will automatically terminate on the specified termination date. Either party may also terminate the agreement earlier by providing [X] days’ written notice.
Termination date upon breach clause
This variation applies when the agreement terminates automatically upon breach by either party.
In the event of a material breach of this agreement, the non-breaching party may terminate the agreement upon [X] days’ written notice to the breaching party. The termination date shall be the date specified in the notice of termination, and the breaching party will remain liable for any obligations accrued up to the termination date.
Termination date with exit strategy clause
This variation applies when a termination date is set, but an exit strategy is also included.
The parties agree that this agreement shall terminate on [Termination Date], with an exit strategy outlined in [Exhibit/Attachment]. Both parties agree to follow the procedures set forth in the exit strategy to ensure an orderly wind-down of the agreement and fulfillment of any remaining obligations prior to the termination date.
Termination date with transition period clause
This variation applies when the termination date allows for a transition period to ensure a smooth handover.
The termination date for this agreement shall be [Termination Date]. Following the termination, there shall be a transition period of [X] days to allow for the orderly transfer of responsibilities and assets between the parties. During this period, both parties shall cooperate to ensure that all obligations are completed before the termination becomes final.
Termination date for ongoing services clause
This variation applies when the termination date affects the ongoing provision of services.
This agreement shall terminate on [Termination Date], provided that any ongoing services provided under this agreement shall continue until completed, or until an agreed-upon termination date for those services. Both parties shall ensure all obligations for ongoing services are satisfied before the termination date.
Termination date for extended term clause
This variation applies when the termination date is extended by mutual agreement.
The initial term of this agreement shall end on [Initial Termination Date], with the option for both parties to extend the agreement for an additional [X] term, ending on [Extended Termination Date]. Any further extensions must be agreed upon in writing by both parties prior to the expiration of the initial or extended term.
Termination date with no automatic renewal clause
This variation applies when the agreement is set to terminate without any automatic renewal.
This agreement shall terminate on [Termination Date], with no automatic renewal. If either party wishes to extend the agreement, a new agreement must be negotiated and executed before the termination date. Neither party is obligated to renew this agreement.
Termination date for mutual agreement clause
This variation applies when the agreement terminates based on mutual agreement.
This agreement shall terminate on [Termination Date], or at such earlier date as mutually agreed by both parties in writing. Any changes to the termination date must be agreed upon in writing and executed by both parties.
Termination date with obligations post-termination clause
This variation applies when obligations continue beyond the termination date.
The termination date of this agreement shall be [Termination Date], provided that certain obligations, including but not limited to confidentiality, indemnification, and payment for services rendered, shall continue beyond the termination date as specified in the relevant sections of this agreement.
Termination date for specific event clause
This variation applies when the termination date is tied to a specific event.
This agreement shall terminate on [Specific Event] or on [Termination Date], whichever occurs first. If the specified event does not occur by the termination date, the agreement will terminate on the specified date.
Termination date for periodic review clause
This variation applies when the termination date is reviewed periodically.
The termination date of this agreement is [Termination Date], with the option to review and extend the agreement on an annual basis. The parties agree to review the agreement [X] days prior to the termination date to determine whether to extend or terminate the agreement.
Termination date for non-performance clause
This variation applies when termination occurs due to non-performance.
The termination date for this agreement shall be [Termination Date], unless extended by mutual agreement. In the event of non-performance by either party, this agreement may be terminated earlier by providing [X] days’ written notice, with the termination taking effect on the date specified in the notice.
Termination date for early termination clause
This variation applies when early termination is permitted.
Either party may terminate this agreement before the specified termination date of [Termination Date] by providing [X] days' written notice. The termination date will be the date specified in the termination notice, and any obligations accrued before this date must be fulfilled.
Termination date for conditional extension clause
This variation applies when the termination date is conditional upon certain events.
This agreement shall terminate on [Termination Date], unless extended by mutual agreement of both parties upon [specified condition or event]. The termination date will be adjusted based on the outcome of the specified event or condition.
Termination date for renewal clause
This variation applies when the termination date includes the option for renewal.
This agreement will terminate on [Termination Date], with the option for renewal at the end of the initial term. If either party wishes to renew the agreement, they must provide written notice of intent to renew at least [X] days prior to the termination date.
Termination date for mutual consent clause
This variation applies when the agreement can be terminated by mutual consent.
The termination date of this agreement shall be [Termination Date], with the option for both parties to terminate the agreement at any time prior to that date by mutual written consent. Any modification or early termination must be agreed upon in writing.
Termination date for default clause
This variation applies when the termination date is due to default by one of the parties.
This agreement shall terminate on [Termination Date], or earlier if either party defaults in the performance of their obligations under the agreement. In the event of a default, the non-defaulting party may terminate the agreement upon [X] days’ notice to the defaulting party.
Termination date for force majeure clause
This variation applies when termination occurs due to force majeure.
The termination date of this agreement shall be [Termination Date], but in the event of a force majeure occurrence, the parties agree to extend the termination date or modify the terms as necessary to account for the effects of such an event. The modified termination date will be mutually agreed upon.
Termination date with renewal terms clause
This variation applies when the agreement includes renewal terms but has a set termination date.
This agreement shall terminate on [Termination Date], with the option for renewal based on the terms set forth in Section [X]. If neither party elects to renew, the agreement will terminate on the specified date.
Termination date for periodic renewal clause
This variation applies when the agreement has a periodic renewal feature.
This agreement shall automatically renew at the end of each term unless either party notifies the other party of their intent not to renew at least [X] days before the termination date of the current term. The termination date will be the last day of the current term if no renewal occurs.
Termination date with post-termination obligations clause
This variation applies when the termination date includes post-termination obligations.
The termination date of this agreement shall be [Termination Date]. After this date, [Party Name] and [Other Party Name] will continue to fulfill any post-termination obligations, including [list obligations such as final payments, return of property, etc.].
Termination date for change of control clause
This variation applies when termination occurs due to a change of control.
This agreement shall terminate on [Termination Date] or upon a change of control of either party, whichever occurs first. The parties agree to provide written notice within [X] days of a change of control, and the agreement will terminate on the specified date.
Termination date for annual review clause
This variation applies when the agreement includes annual reviews for determining the termination date.
The termination date of this agreement shall be [Termination Date], with the possibility for annual review. Each party may review the terms of the agreement annually and decide whether to continue or modify the agreement for the following year.
Termination date for completion of services clause
This variation applies when the termination date depends on the completion of services.
This agreement shall terminate upon completion of the services described in Section [X], but in no case later than [Termination Date]. The termination date shall be deemed effective once all services have been completed to the satisfaction of both parties.
Termination date based on payment clause
This variation applies when termination is tied to the completion of payments.
This agreement shall terminate on [Termination Date], or earlier if all payment obligations under this agreement are completed prior to that date. The termination date will be adjusted to reflect the final payment date if applicable.
Termination date due to insolvency clause
This variation applies when the termination date occurs due to insolvency or bankruptcy.
If either party becomes insolvent or files for bankruptcy, this agreement will automatically terminate on the date of such insolvency or filing. The termination will be effective immediately, and both parties will be relieved of any future obligations.
Termination date due to non-performance clause
This variation applies when non-performance triggers the termination.
This agreement may be terminated immediately upon written notice from the non-breaching party if the other party fails to perform its obligations as outlined in this agreement. The termination date will be the date of such notice.
Termination date based on business closure clause
This variation applies when termination occurs due to business closure.
In the event that [Party Name] ceases operations or shuts down its business, this agreement shall terminate on the date the business closure is announced or finalized, whichever occurs first.
Termination date for material change in circumstances clause
This variation applies when a material change in circumstances leads to termination.
This agreement shall terminate on [Termination Date] or upon a material change in the circumstances surrounding the parties’ obligations, such as regulatory changes or business conditions, that make performance of the agreement impossible or impractical.
Termination date based on contract extension clause
This variation applies when the termination date depends on a contract extension.
The termination date of this agreement shall be [Termination Date], unless both parties mutually agree to extend the contract by signing an extension agreement. In the absence of such an extension, the agreement will terminate on the specified date.
Termination date due to government action clause
This variation applies when government action requires the termination.
In the event of any government action or regulation that makes performance of this agreement illegal or impossible, the termination date shall be the date on which the government action takes effect.
Termination date for contractual default clause
This variation applies when default by either party leads to termination.
If either party defaults in the performance of any material obligation under this agreement and fails to cure the default within [X] days of receiving notice, this agreement shall terminate on the date specified in the notice of termination.
Termination date for regulatory approval clause
This variation applies when termination is contingent on regulatory approval.
This agreement shall terminate automatically if the required regulatory approvals are not obtained by [Termination Date]. Both parties acknowledge that this agreement is subject to such approvals, and the termination date is contingent upon their receipt.
Termination date with early exit option clause
This variation applies when there is an early exit option before the official termination date.
Either party may terminate this agreement before [Termination Date] by providing [X] days’ written notice. The termination date will be the date specified in the notice, and all obligations shall be fulfilled up to that point.
Termination date for mutual agreement clause
This variation applies when the termination date can be determined by mutual agreement.
This agreement may be terminated on [Termination Date], or earlier if both parties mutually agree in writing to terminate the agreement. The effective termination date will be the date agreed upon by both parties.
Termination date for force majeure clause
This variation applies when the termination date is affected by a force majeure event.
In the event of a force majeure event, either party may terminate this agreement by providing [X] days’ written notice to the other party. The termination date will be the date specified in the notice, and obligations will cease upon termination.
Termination date for product failure clause
This variation applies when the termination date is triggered by product failure.
If the product or service provided under this agreement fails to meet the specified standards by [Termination Date], either party may terminate this agreement by written notice, and the agreement shall terminate immediately upon notice.
Termination date for post-termination obligations clause
This variation applies when the termination date is set but includes post-termination obligations.
This agreement shall terminate on [Termination Date], with any post-termination obligations, such as confidentiality or payment obligations, continuing until fulfilled. The termination date will mark the cessation of active duties, but specific obligations may survive.
Termination date for third-party involvement clause
This variation applies when third-party involvement triggers termination.
If third-party involvement becomes necessary for the execution of this agreement and such third-party is unable or unwilling to perform, this agreement will terminate on [Termination Date] or upon written notice by either party if third-party involvement is essential.
Termination date based on external financing clause
This variation applies when termination is based on the availability of external financing.
This agreement shall terminate on [Termination Date] or earlier if the necessary external financing is not secured by [specified date]. The termination date will be based on the availability of funding or the lack thereof.
Termination date for ongoing work clause
This variation applies when termination is conditional upon the completion of ongoing work.
The termination date of this agreement shall be [Termination Date], provided that all work currently in progress has been completed to the satisfaction of both parties. The termination date will be adjusted if additional time is required to complete the work.
Termination date for health and safety concerns clause
This variation applies when termination is triggered by health and safety concerns.
If health and safety issues arise that prevent the performance of this agreement, either party may terminate the agreement immediately, and the termination date will be the date of the notification.
Termination date for financial instability clause
This variation applies when the termination date is triggered by financial instability.
If either party experiences financial instability, such as insolvency or failure to meet financial obligations, this agreement may terminate on [Termination Date] or earlier, depending on the circumstances. The termination will be immediate upon written notice.
Termination date for scope change clause
This variation applies when the termination date is based on changes to the project scope.
If there are any significant changes to the scope of the project or services described in this agreement, either party may terminate this agreement by providing written notice. The termination date will be the date specified in the notice.
Termination date for breach of confidentiality clause
This variation applies when the termination date is triggered by a breach of confidentiality.
If either party breaches the confidentiality provisions of this agreement, the non-breaching party may terminate this agreement immediately by providing written notice. The termination date will be the date specified in the termination notice.
Termination date for dispute resolution failure clause
This variation applies when the termination date is triggered by the failure of dispute resolution processes.
In the event of a dispute that cannot be resolved through negotiation, mediation, or other dispute resolution processes specified in this agreement, either party may terminate the agreement. The termination date will be the date the dispute resolution process fails.
Termination date for unilateral termination clause
This variation applies when one party has the right to unilaterally terminate the agreement.
[Party Name] may terminate this agreement unilaterally on [Termination Date], with [X] days’ written notice. The termination will be effective on the date specified in the notice, and both parties shall cease all further obligations.
Termination date for project phase completion clause
This variation applies when the termination date is based on the completion of a project phase.
The termination date of this agreement shall occur upon the completion of Phase [X] of the project. Upon successful completion and final approval by both parties, the agreement will terminate, and no further obligations will exist.
Termination date for renewal failure clause
This variation applies when the agreement fails to renew and therefore terminates.
If either party decides not to renew the agreement after the initial term, this agreement shall automatically terminate on [Termination Date]. The non-renewing party must provide written notice [X] days before the expiration of the term.
Termination date for project abandonment clause
This variation applies when the termination is due to abandonment of the project.
If either party abandons the project, this agreement will terminate on [Termination Date]. The abandonment date shall be considered the date on which the project was no longer pursued or worked on, and both parties will have no further obligations.
Termination date for deliverables completion clause
This variation applies when termination depends on the completion of deliverables.
The agreement will terminate on [Termination Date] or upon completion of the deliverables as described in Section [X], whichever occurs first. The termination will be effective once all deliverables have been provided and approved.
Termination date for automatic extension failure clause
This variation applies when the agreement includes automatic extension, and failure to extend triggers termination.
This agreement shall automatically terminate on [Termination Date] if no written notice to extend is given by either party [X] days prior to that date. If the agreement is not extended, all terms will end on the specified date.
Termination date for mutual release clause
This variation applies when termination is part of a mutual release.
The parties mutually agree to terminate this agreement on [Termination Date], with a full release of all obligations and claims, effective on that date. Both parties agree that there will be no further claims against each other after the termination date.
Termination date for licensing agreement end clause
This variation applies when the termination occurs at the end of a licensing agreement.
This agreement will terminate on [Termination Date], which marks the end of the licensing period for [specified intellectual property]. Neither party will have any further rights to the intellectual property after the termination date.
Termination date for warranty period expiration clause
This variation applies when the termination is based on the expiration of a warranty period.
This agreement shall terminate on [Termination Date], which corresponds with the expiration of the warranty period for [product/service]. Both parties agree that no further obligations will be owed once the termination date is reached.
Termination date for agreement breach by one party clause
This variation applies when termination occurs due to breach by one party.
If either party breaches any material term of this agreement, the non-breaching party may terminate the agreement by providing [X] days’ written notice. The termination date shall be the date specified in the termination notice.
Termination date for agreed-upon dissolution clause
This variation applies when the agreement is terminated by mutual dissolution.
The parties agree that this agreement will terminate on [Termination Date] upon mutual dissolution. Both parties acknowledge and accept the termination of the agreement on the specified date.
Termination date for regulatory requirement change clause
This variation applies when termination is required due to changes in regulatory requirements.
This agreement shall automatically terminate on [Termination Date] if any changes to the regulatory requirements affect the ability to fulfill the terms of this agreement. The termination will take effect immediately upon the change in regulation.
Termination date for legal requirement change clause
This variation applies when termination is triggered by a change in legal requirements.
This agreement shall terminate on [Termination Date] or upon a change in applicable laws or regulations that make the performance of the agreement illegal or impossible. The termination date will be the date the new law or regulation takes effect.
Termination date for seasonal service agreement clause
This variation applies to seasonal agreements that automatically terminate.
This agreement shall automatically terminate on [Termination Date], which corresponds with the end of the seasonal period for which the services were provided. The termination will be effective once the seasonal term concludes.
Termination date based on subcontractor performance clause
This variation applies when termination is triggered by subcontractor performance issues.
If the performance of the subcontractor under this agreement is deemed unsatisfactory by the contracting party, this agreement may be terminated on [Termination Date], upon [X] days’ written notice, due to failure to meet performance standards.
Termination date for completion of specific task clause
This variation applies when the agreement ends after a specific task is completed.
The termination date of this agreement shall be the date of completion of the task described in Section [X], or on [Termination Date], whichever occurs first. Once the task is completed, no further obligations remain.
Termination date for third-party consent failure clause
This variation applies when third-party consent failure results in termination.
This agreement shall automatically terminate on [Termination Date] or earlier if any required third-party consent or approval is not obtained by [specified date]. The termination will take effect immediately after the third-party failure.
Termination date for product discontinuation clause
This variation applies when termination is required if a product is discontinued.
This agreement shall terminate on [Termination Date] or upon the discontinuation of the [specific product/service]. Both parties agree to cease any further obligations related to the discontinued product/service.
Termination date for financial instability clause
This variation applies when the termination date is tied to financial instability.
If either party experiences financial instability, including bankruptcy or insolvency, this agreement may terminate immediately. The termination date shall be the date on which either party declares financial instability.
Termination date for agreed-upon termination by mutual consent clause
This variation applies when the parties mutually agree on the termination date.
This agreement shall terminate on [Termination Date], or on such earlier date as both parties mutually agree. Both parties may terminate the agreement by providing written notice of the agreed-upon date.
Termination date for early contract termination clause
This variation applies to early termination based on either party's request.
Either party may terminate this agreement by providing [X] days’ written notice to the other party. The termination date will be the date specified in the notice, and all obligations shall cease upon termination.
Termination date for third-party dispute resolution clause
This variation applies when a third-party dispute resolution leads to termination.
If the dispute resolution process involving a third party results in a conclusion that requires the termination of this agreement, the termination date will be the date the third-party decision is finalized.
Termination date for regulatory approval delay clause
This variation applies when termination occurs due to delay in regulatory approval.
This agreement shall terminate automatically on [Termination Date] if the necessary regulatory approvals are not obtained by that date. Both parties agree to immediately cease all performance under the agreement upon termination.
Termination date for annual renewal failure clause
This variation applies when the agreement terminates if annual renewal is not approved.
This agreement will automatically terminate on [Termination Date] if neither party elects to renew the agreement. The termination will be effective at the end of the current term if no renewal is agreed.
Termination date for non-payment clause
This variation applies when the agreement terminates due to non-payment.
This agreement shall terminate automatically on [Termination Date] or earlier if any payment due under this agreement is not made by the specified payment deadline. The termination will take effect immediately if the payment is not received.
Termination date for force majeure expiration clause
This variation applies when termination is linked to the expiration of a force majeure event.
In the event of a force majeure event, this agreement shall terminate on [Termination Date] or upon the expiration of the force majeure event. If the event continues past the specified termination date, the agreement may be extended until the event ends.
Termination date for non-performance clause
This variation applies when the agreement terminates due to non-performance by one party.
If either party fails to perform any material obligation under this agreement, the non-breaching party may terminate the agreement upon [X] days' written notice. The termination date will be the date specified in the notice of termination.
Termination date for failure to meet milestones clause
This variation applies when termination occurs if milestones are not met.
If the agreed milestones outlined in Section [X] are not met by the specified deadlines, the non-defaulting party may terminate this agreement on [Termination Date] or upon written notice after the milestone failure.
Termination date for change in control clause
This variation applies when the agreement terminates due to a change in control of one party.
This agreement shall terminate automatically on [Termination Date] if there is a change in control of either party. The termination will take effect immediately upon the occurrence of a change in control.
Termination date for government intervention clause
This variation applies when government action causes termination.
This agreement shall terminate on [Termination Date] in the event of government intervention or new regulations that directly impact the terms or execution of the agreement. The termination date will be the effective date of the regulatory change.
Termination date for mutual release clause
This variation applies when both parties mutually agree to terminate with a release of all claims.
This agreement shall terminate on [Termination Date], with a mutual release of all claims. Both parties agree to relinquish any future claims against each other upon the termination of the agreement.
Termination date for completion of obligations clause
This variation applies when termination occurs after all obligations are completed.
The termination date of this agreement shall be the date upon which all obligations described herein have been completed and both parties have fulfilled their duties. The termination will take effect immediately once all tasks are completed.
Termination date for market conditions change clause
This variation applies when termination occurs due to a change in market conditions.
If there is a significant change in market conditions that impacts the ability of either party to perform under this agreement, either party may terminate this agreement by providing written notice on [Termination Date]. The termination will be effective immediately upon notice.
Termination date for early exit option by either party clause
This variation applies when either party can exit the agreement early.
Either party may terminate this agreement on [Termination Date] by providing [X] days' written notice. The termination date will be the date specified in the notice, and all obligations under the agreement shall cease upon termination.
Termination date for external event clause
This variation applies when an external event determines the termination date.
This agreement shall terminate on [Termination Date], or upon the occurrence of an external event, such as the dissolution of a third-party entity or the enactment of new legislation, whichever occurs first.
Termination date for breach of contract clause
This variation applies when the agreement terminates due to breach of contract.
If a party breaches a material provision of this agreement, the other party may terminate the agreement by providing written notice of termination. The termination date shall be [X] days from the date of the notice.
Termination date for agreed-upon dissolution by both parties clause
This variation applies when both parties mutually agree to dissolve the agreement.
This agreement will terminate on [Termination Date], as both parties mutually agree to dissolve the agreement. All obligations, except those that survive termination, shall be deemed fulfilled by the termination date.
Termination date for tax-related changes clause
This variation applies when termination occurs due to changes in tax laws or regulations.
If there are changes in tax laws or regulations that make the performance of this agreement unfeasible, either party may terminate the agreement on [Termination Date] or as soon as the new laws take effect.
Termination date for contract extension failure clause
This variation applies when failure to extend the contract leads to termination.
This agreement shall terminate automatically on [Termination Date] if no written extension is agreed upon by both parties. Both parties must sign a written agreement to extend the contract before the termination date.
Termination date for client’s cancellation clause
This variation applies when the client has the right to cancel and terminate the agreement.
The client may terminate this agreement on [Termination Date] by providing [X] days’ written notice. The termination will be effective immediately upon the expiration of the notice period.
Termination date for project completion clause
This variation applies when the agreement ends upon the completion of the project.
The termination date for this agreement shall be the date upon which the final project deliverable is completed and accepted by both parties, or on [Termination Date], whichever occurs first.
Termination date for business merger clause
This variation applies when the termination is due to a business merger.
If either party merges with another business entity, this agreement will terminate on [Termination Date] unless both parties mutually agree to continue the agreement post-merger.
Termination date for mutual termination without cause clause
This variation applies when both parties may terminate the agreement without cause.
This agreement may be terminated on [Termination Date] by mutual consent of both parties, with no further obligations owed to each other, except those stated to survive termination.
Termination date for mandatory review clause
This variation applies when the agreement is subject to mandatory periodic review.
This agreement shall terminate on [Termination Date] unless a review by both parties results in an extension or modification. If no extension or modification occurs, the agreement will end on the termination date.
Termination date for dispute mediation failure clause
This variation applies when the termination occurs if mediation fails to resolve disputes.
If the parties are unable to resolve any disputes through mediation within [X] days of initiating the process, either party may terminate this agreement, and the termination date will be [Termination Date].
Termination date for employee departure clause
This variation applies when the agreement terminates due to key employee departure.
If the key employee responsible for the execution of this agreement departs from [Party Name], this agreement will automatically terminate on [Termination Date] unless the parties mutually agree to continue.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.