A commercial contract can be terminated automatically, so you could be a party to a fixed term contract, and it could automatically come to an end after the fixed period has expired. Alternatively, you may need to take a positive step to terminate. A commercial contract can be terminated in several different ways. Most commonly, a party may wish to terminate a contract for unsatisfactory performance or because the contract is no longer practical for one party to continue, but how they go about ensuring they can terminate is, in most cases, a matter which is dealt with by ensuring the contract is drafted properly in the first place.
Please read our blog on 'How can a commercial contract be terminated?' for further information.