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Business Contract Termination Letter Template
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What Is a Business Contract Termination Letter?
A Business Contract Termination Letter is used to terminate an existing agreement or contract between two parties. It could be an employment contract or a business transaction. This letter is used for the termination of a business contract between two companies, between a retailer and a supplier. This letter involves reasons for the termination, important dates, and information about penalties.
Alternate Name:
- Termination of Business Contract Letter.
You can download our Business Contract Termination Letter template through the link below. You can also use our Employment Contract Termination Letter Template or Contract Termination Letter Template if those better suit your needs.
How to Write a Business Contract Termination Letter?
The letter should consist of the following sections:
- Company Letterhead. This section may include the name of the company, the basic contact details, the company logo;
- Letter Heading. The return address, the company's fax number and email address must be indicated;
- Subject Matter of the letter. Substantiate the reasons for the termination. You should specify the reasons why your company decided to end their business agreement with this company. These reasons may be the following: the commission of fraud or negligence, the delay in the supply or the quality of goods decreased. Do not forget to mention the date on which the contract was started and on which date you are terminating it. Give them one chance to negotiate if there are any possibilities left. The author must write a letter under the established terms of termination of the contract and within the time limits set by the contract;
- Monetary compensation or penalties for early termination of a contract should be indicated;
- Signatures of the Parties.
Related Forms and Templates:
Download Business Contract Termination Letter Template
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