![]() The letter must be drafted carefully to prevent loopholes that could result in problems, such as a cause of action for damages. However, the letter shouldn't indulge in sentimentality or sugarcoat the facts.Ī notice of contract termination letter must contain specific details, such as exact dates, in order to prevent misunderstandings. The letter should express your regret at terminating employment while thanking the employee for their services. The tone of the letter should not only be formal and straightforward but also empathic and courteous. ![]() A contract termination letter sometimes serves as a courtesy note to thank the other parties for their service and preserve a courteous, professional relationship for the future. Not all contracts end in disappointment or disagreement. This way, you have proof in the event that the other parties claim they never received notice. The letter is a record showing that you have notified the other contracting parties about the termination of the contract. The contract termination letter states when a contract will end and the provisions under which a contracting party is allowed to end the agreement. These kinds of letters are formal declarations indicating the intention of the sender to terminate a contract with the receiver. Purpose of a Contract Termination LetterĪ Notice of Contract Termination is also called Notice of Cancellation of Contract or a Contract Termination Letter. If you no longer require the services of an entity or you're dissatisfied with the way an entity is delivering on a contract, sending a Notice of Contract Termination notifies all parties of the contract's termination. An end of agreement letter is usually written when an agreement doesn't work out between you and another entity.
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