参考答案：In accordance with Articles IA, IC and ID of the Contract Law, the major differences between dissolution of contract and termination of contract rest with:(i) Termination of contract is only relevant to the state of a contract, while dissolution of contract is relevant to a legal action taken by a party to the contract under the conditions as prescribed by the law or agreed by the parties;(ii) Termination of contract is a much wider concept than dissolution of contract. Termination of contract covers the circumstances of dissolution of contract;(iii) Termination of contract does not require a party to make a notice to the other party; while dissolution of contract requires the party that intends to dissolve a contract to make a notice to the other party. Without such a notice there will be no dissolution of contract.