Not sure what the term "contract termination" means. Did they...

Not sure what the term "contract termination" means. Did they have rights under the contract to terminate? If not the correct term would be "breach of contract". I know its seems like semantics but its an important distincion as a straight out breach is much easier to deal with than a "cancellation" which implies rights to do so and can be a much more difficult issue to deal with.
C'mon boys give us more detail as it is a very important issue. How much deposit have they paid? did they have a right to cancel? What are our rights on the 2017 contract and has a deposit been paid on that? We should be fully informed as the release is ambiguous to say the least.