Even at the beginning of a contract, you should be thinking about the end of it. Think of the end of the “relationship”, the exit strategy. Termination must be properly negotiated. Termination for Convenience: It is not working out, so in ‘x’ number of days the contract will be terminated. (Same day is categorized as: xxx) Why shouldn’t this be used? - There may still be money or services owed by the business trying to get out of the contract. - Value for your business is in the long-term. Setting up for success in the future, you will want to lock in with the other business. - Return on investment is contingent on the longevity of the relationship. Unilateral Termination for Convenience: One party has the right to leave at any time, whereas the other party does not. When would it be favorable? - Allows for more bargaining power and a wider variety of options. In exchange for unilateral, a party may ask the other for something in return such as exclusivity. Termination for Cause: There has been a breach of contract in one of the areas, such as not receiving a product after providing them with money if that is in the agreement. - Representations and Warranties: Set out mutual expectations of the party as to what is going on and give factual information to the other party about your business. - Inconvenient.