contact;
the contract is between two parties in which one is the offeror
and the other is offeree. The consent of the offeree is implied or
expressed which is backed by some consideration, without
consideration there is no contract and it would be called gift if
in case of consideration is not kept.
A contract can be terminated by any of the party to the
contract, there are various ways by which a contact can be
terminated;-
- The contract can get terminated by itself by natural conditions
like the death of the employer or etc
- the contract can also be terminated if both the parties are in
consensus with each other to bring the contract to an end.
- Termination can also happen if the employee resigns from his or
her job if he or she finds out that there is some breach in the
terms.
- If anyone of the party breaches the terms of the contract then
also it can be terminated.
- The employer can also terminate a contract between him and
employee if there is some misconduct by the employee, so on that
ground, he can terminate the contract