noun
termination
tur-mih-NAY-shuhn/ˌtɜːrmɪˈneɪʃn/
The end of something.
The rope's termination is marked by a tied-off knot at the final post.

Etymology
The boundary root underlies a Latin action noun meaning the fixing of limits. Termination extends that limiting idea to cessation—the act of bringing something to its endpoint, or the resulting end.
In context
First, you need to clearly define the conditions for termination. These are specific events or situations that allow either party to end the contract.
More examples
- Either party can request early termination of the contract.
- Repeated safety violations can lead to termination of employment.
- We received notice of the termination of our phone service.
Forms
termination · terminations
terminate verb — To bring something to an end.