/təˈmɪnət ə ˈkɒntrækt/ – Phrase
Definition: chấm dứt một hợp đồng, hủy bỏ một hợp đồng.
A more thorough explanation: “To terminate a contract” legally means to end or cancel a contract according to the terms and conditions specified in the agreement. Termination of a contract may occur due to various reasons, such as a breach of contract, mutual agreement of the parties involved, or completion of the contract’s purpose. Termination typically involves ceasing the rights and obligations outlined in the contract and may require certain procedures or notifications to be followed as per the contract terms or applicable laws.
Example: The company decided to terminate the contract due to the other party’s breach of the agreement.