Termination of the contract is a remedy that affects the contract on the hardest way and it is allowed, subject to certain limitations and conditions, in the legal regime of the Vienna Convention on Contracts for the International Sale of Goods. The most important requirement that must be fulfilled for the creditor to gain this right is that the debtor breached the contract so seriously and severely that his actions ft into the concept of fundamental breach of contract. This general rule applies to all breaches of contract, but the termination of contract can be achieved in certain cases independently of the concept of fundamental breach of contract. Within context of specific subtitles in this work the conditions for termination the contract are specified and analyzed in situation where that right acquires the buyer, because of the seller’s breach of his characteristic contractual obligations, and when that right is acquired by the seller, on the basis of typical breach of contract by the buyer. In conclusion, it is noted that it is in the creditor’s interest that, before deciding to begin with the procedure of realization of termination the contract, analyze the existing situation in detailed manner and comprehensively because he cannot always be sure that he will be able to finish that procedure successfully.Raskid ugovora kao pravno sredstvo koje na najteži način pogađa ugovorni odnos dopušten je, pod određenim ograničenjima i uslovima, i u pravnom režimu Bečke konvencije o ugovorima o međunarodnoj prodaji robe. Osnovni uslov koji mora biti ispunjen da bi poverilac stekao to pravo je da je dužnik povredio ugovor tako ozbiljno i teško da se njegovo postupanje uklapa u koncept bitne povrede ugovora. Ovo opšte pravilo važi za sve povrede ugovora, ali pored toga raskid je moguće steći i van koncepta bitne povrede ugovora u određenim slučajevima. U okviru posebnih podnaslova u radu su izloženi i analizirani uslovi za raskid ugovora u situaciji kad to pravo stiče kupac, zbog propusta prodavca u izvršenju njegovih karakterističnih ugovornih obaveza, kao i kad to pravo stiče prodavac, na osnovu tipičnih povreda ugovora od strane kupca. U zaključku se konstatuje da je u interesu poverioca da, pre nego što odluči da započne realizaciju prava na raskid ugovora, detaljno i svestrano analizira postojeću situaciju jer on ne može uvek biti siguran da će to pravo i ostvariti
