Definition
Termination for convenience is a contractual right to end an agreement without cause, on notice.
It's valuable leverage - and vendors usually reserve it for themselves while binding the buyer to the full term. Pushing for a mutual, or at least buyer-side, termination-for-convenience right is one of the highest-value asks in a negotiation.
Go deeperHow to negotiate a SaaS contract from a position of strengthRelated terms
Benchside turns termination for convenience into the exact questions, exclusions, and lock-in math for your specific vendor - your first project is free.