Matters relating to contracts and their termination are generally governed by contract law and the provisions of the Indian Contracts Act, 1872, would be applicable here. The Contracts Act also contains provisions relating to loss or damage that may have been caused by infringements that would be subject to termination of the provisions of the contract. The right to terminate a contract at any time is what companies really mean when they say they have a “no contract” service or product. They really mean “no contract duration” or more precisely “you can terminate your contract whenever you want”. This is often referred to as “termination for convenience.” This means that you have a contract, but you can terminate it at any time (if you follow the duration of the contract that describes how to terminate the agreement). Of course, this doesn`t play well in a 30-second ad (or on a billboard). When it comes to real estate, as there are legal formalities and paperwork that must be submitted before obtaining housing or real estate, there are similar documents that a tenant must file before leaving a property.. . .