The termination clause explains the circumstances under which the parties may terminate their legal relationship and waive their obligations under the contract. Under common law, the parties may terminate the contract because of a substantial or substantial breach of the agreement. The longer form of the agreement attempts to show that the party has unlimited rights to terminate the agreement. But, as Ken Adams points out: “If you say that Acme can resign at any time, that means That Acme can resign for some reason. If you say that Acme can resign for any reason, acme can terminate at any time. “www.adamsdrafting.com/termination-for-convenience/ error, fraud or misrepresentation – if the agreement does not contain all the necessary information or presents erroneous circumstances that are important for its completion, this constitutes a valid reason for termination.