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Hi and welcome to JA. Ray here to help you.
Yes you can notify them you are terminating the contract because you have found a permanent job.If there are penalties in the contract thsi is the means to end this so you can start the other job.I am assuming that there is not a noncompete or that this falls outside of it.Thanks again and good luck here with new job.
I do not see that this will be a problem if the contract has no penalties as you state.You just notify them and move on here.Thanks again and the best to you.lf you can positive rate it is always much appreciated.