If—for whatever reason—you need to exit the agreement before its end date, you can specify the terms for the termination in your Consulting Agreement.
For example, the contract may state that the terminating party must send written notice within a certain time period (which may vary depending on the length of the contract). Our template provides information to help you decide what period is appropriate for your situation.
If any work was accomplished before the cancellation, the consultant is typically entitled to pro-rata payment (i.e., dividing the agreed-upon payment in proportion to the amount of work that was completed). LawDepot’s Consulting Agreement template includes a term for early-termination payments when applicable.