While it is not necessary, writing a termination letter can help preserve the company`s reputation and keep records for legal purposes. Please confirm receipt of this letter as termination of our contract and closure of our account. If you have any questions, please contact me by [phone] or [email address]. We inform you that we will no longer need the services of [company name] from [date]. With this communication, we respect the minimum notification period provided for in our agreement. Your company has offered us a good service in the past, but we have decided to terminate our contract for [reasons]. This draft letter is intended to assist in the establishment of a termination of a contract of enterprise with another company. It contains key elements to avoid misunderstandings and end a partnership on consensual terms. Croner Group Ltd is not responsible for any errors or omissions in the model and is not responsible for any loss, injury or damage of any kind caused by their use. The use of the presentation is exclusively taken at the user`s risk and if you wish, independent legal advice must be sought before being used. Disclaimer: This document is made available “as intended” and Croner Group Ltd excludes all assurances, guarantees, commitments and commitments relating to presentation to the fullest extent permitted by law. In accordance with the terms of our business contract, please allow this letter to serve as a termination of the contract on October 1, 2014. I think you will find that this 30-day notice period fulfills the legal limits of the agreement and allows us to honor this contract without further legal action.
This model of termination of the agreement is a mutual agreement between two parties to denounce an existing agreement. It is recommended not to renounce or abandon agreements occasionally. Instead, it is important that a contract is terminated correctly in writing with an amicable termination like this. This will ensure that any active rights and obligations are managed appropriately. Preparing a formal letter that terminates a contract and delivers it to your supplier or buyer ensures that the process of terminating the contractual relationship is properly documented. . . .