In plain English
This means ending the agreement, not just changing it or putting it on hold. Once it is terminated, the contract no longer has effect.
In context
Here, terminate denotes the action that would bring the contract to an end so that it is no longer in effect.
- Situation
- Processing amendments, renewals, extensions, suspension, and termination
- What it communicates
- offers the action to end the contract in the lifecycle menu
Meaning limits
The term itself does not indicate whether the contract ends immediately or at a later time.
Examples
“Rather than suspend the contract during the dispute, the owner terminated it.”
“A serious breach can terminate the contract.”