Question : what is termination of contract? 

Answer: Termination of a contract refers to the ending or conclusion of the contractual relationship between the parties involved. Contract termination can occur for various reasons and may be governed by the terms and conditions specified in the contract itself or by applicable laws. Here are common ways in which a contract can be terminated:

1. **Performance:**

   - Termination occurs when both parties fulfill their contractual obligations, and the contract comes to a natural end.

2. **Expiration:**

   - Some contracts have a specific duration, and they terminate automatically upon the expiration of that period.

3. **Termination by Agreement:**

   - Parties may mutually agree to terminate the contract before performance is complete. The terms of termination are typically outlined in a termination clause within the contract.

4. **Breach of Contract:**

   - If one party fails to fulfill its contractual obligations (breach), the non-breaching party may have the right to terminate the contract. This is often specified in the contract itself.

5. **Impossibility of Performance:**

   - If performance becomes impossible due to unforeseen circumstances (e.g., natural disasters), the contract may be terminated.

6. **Frustration of Purpose:**

   - If an unforeseen event occurs, making the purpose of the contract impossible to achieve, the contract may be considered frustrated and terminated.

7. **Bankruptcy or Insolvency:**

   - If one of the parties becomes bankrupt or insolvent, it may lead to the termination of the contract.

8. **Mutual Rescission:**

   - The parties may agree to rescind the contract, effectively canceling it and returning each party to its pre-contract state.

9. **Termination for Convenience:**

   - In certain contracts, one or both parties may have the right to terminate the contract without cause, often with notice.

It's essential to carefully review the terms of the contract and applicable laws to understand the circumstances and procedures for termination. Properly executed terminations ensure that parties are released from their contractual obligations and may specify any post-termination responsibilities.