To be used to give formal written notice of termination of a contract where there has been no breach and the party wishing to terminate simply wants to exercise its right to terminate in accordance with the termination provisions provided in the contract.
Contract Termination Letter (Convenience)
You should consider the following:
- Do you actually want to end the agreement? What will the impact be on your business if you terminate the contract? Will customers be affected adversely? What will you do to ensure that customers don’t suffer a loss as a result?
- What does the contract say about termination? The provisions must be referred to an d complied with. If there are no provisions in the contract relating to termination, the parties should try to agree on something mutually workable and reasonable.
- If there has been a breach, you may wish to terminate the contract for breach rather than for convenience if possible. See Contract Termination Letter (Breach)
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