Non renewing my contract without enough notice

Dears,


I have a scenario, where i do not want to renew my contract with the company. I am on a fixed-term contract. And my contract stipulates that i should give 60 days notice even for non-renewal of contract. However, now i cannot give full 60 days notice, but i can only give 45 days notice. What are the legal implications of giving only 45 days notice instead of 60 days.