Common use of EARLY TERMINATION OF THE AGREEMENT Clause in Contracts

EARLY TERMINATION OF THE AGREEMENT. (1) If a definite term is set for a lease, the relationship between the Landlord and the Tenant will cease to exist at the end of the term. If no definite term is set, the parties may terminate the agreement at any time. Thus, when entering into an agreement, the parties shall remember to reach an agreement on whether they may terminate the agreement during the term of the lease, so as to protect their own rights and interests.