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The answer depends on the exact terms and conditions of the contract. Certain contracts which permit termination "at will:" at any time, for any reason, or for no reason at all, do not create a property right in the contract itself (though, there is a property right to unpaid compensation for services already performed). Contracts that provide "tenure," i.e., the right to be terminated only for "just cause," create a property right in the contract itself, because termination of the contract without sufficient cause creates recoverable damages fpr lost future compensation.
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