Exercise Describe the work to be performed during the conclusion of the contract. A termination of a contract is when a contract is terminated because a person misunderstood, acted illegally – for example fraud – or because he made a mistake. For example, if you bought a house, but after a closer inspection, you will find that the seller deliberately hid the poor physical condition of the house, you can terminate the contract. Termination of the contract may take place when a party is under the age to enter into a contract or when an elderly person is unable to make legal decisions due to incapacity for work. LawDepot`s termination agreement is written by default so that it comes into effect on a given date, if the agreement is provided for by another trigger, it should be written manually in the document with the document processing tool.