oboloo Glossary

End Contract

oboloo Glossary

End Contract

An end contract is a legally binding document that formally terminates an agreement between two parties. It is usually used when one or both parties wish to end the contractual relationship, but it may also be used to restrict certain activities that were previously allowed under a contract. By signing an end contract, both parties agree to end their obligations as detailed in the original contract and any associated documents. The end contract should include specific details about how each party must fulfill its financial and other obligations before the termination date. Signing an end contract ensures that neither party will be held responsible for any future liabilities arising from the original agreement.