# Termination Agreement

**IRI:** https://folio.openlegalstandard.org/RxJhP6upqvHlawarYyeVQi

## Labels

**Preferred Label:** Contract Termination Agreement

**Alternative Labels:**

- Cancellation Agreement

## Definition

A Termination Agreement is a legal document that formally concludes a previously established contract before the original terms of the contract are fulfilled. It outlines the conditions, responsibilities, and any obligations or entitlements of the parties involved in ending the agreement.

## Sub Class Of

- https://folio.openlegalstandard.org/R9UXMB7LO35e1n0zwV2MVmh

## Parent Class Of

- https://folio.openlegalstandard.org/RBrtp0YHl0BzYELcXRELZt2

**Deprecated:** False