Termination

• Author: Jeffrey Lehman, Shirelle Phelps

Page 2

Cessation; conclusion; end in time or existence.

When used in connection with litigation, the term signifies the final determination of the action.

The termination or cancellation of a contract signifies the process whereby an end is put to whatever remains to be performed thereunder. It differs from RESCISSION, which refers to the restoration of the parties to the positions they occupied prior to the contract.

The termination of a lease refers to the severance of the LANDLORD AND TENANT relationship before the leasehold term...