Contracts can be terminated in different ways, depending on whether it is caused by a breach of the parties or not.
Termination with immediate effect is the situation when one party decides to end an existing contractual relationship without any delay. It is generally permissible under a contract when the other commits a material breach of the contract. Such conduct usually makes it practically impossible to maintain good relationship between the parties, leaving no other choice but to terminate the contract with immediate effect.
Termination based on a notice period occurs when a contract terminates with a certain notice period, allowing the parties to adjust to the changes caused by the termination.
