Business service contract termination letter

Contract termination means to end or cancel the ongoing contract between two parties for some reason. The cancellation may be for multiple reasons like if one of the parties is unhappy with the coordination of the other party or if the need has already been fulfilled. This termination requires a professional letter to be written from the party who wills to terminate the contract to the other party. This context contains some sample termination contracts and some more information. So please keep reading.

How do you write a letter to terminate a contract? 

A contract can be terminated for multiple reasons, like if one party is unhappy with the performance of the other party or if some party did some cheats. A contract termination is always followed by a professionally written letter. Below are attached some worthy guidelines to follow when writing a letter for the cancellation of a contract:

1. Choosing a professional-looking letter template is always appreciated. Choose a template that contains clear and visible sectioning of a letter.
2. Write the initial terms, such as the address and name of the recipient to who you intend to send this letter. 
3. Inform the recipient about the ongoing contract. 
4. Notify the recipient that you want to terminate the contract.
5. Write the reason for contract termination.
6. Tell the date of termination you expect. 
7. Write down the benefits of the other party at the termination of the contract.
8. Do not write harshly.
9. Wish them a stroke of good luck in the upcoming business dealings.

These are some policies that can be adopted in writing a letter of contract termination. If you follow these guidelines properly then we are sure that you can turn out a great and effective termination letter.

Sample Business service contract termination letter

We are providing you a sample letter for the termination of a business contract. Have a look at this letter, and if you like it them simply download it for free from our website and use it after a few edits. 

To Whom It May Concern / Dear Mr., Mrs.,

As per the conditions of our business contract, please allow this letter to serve as a termination of the contract on {{Date, Year}}. I think that you will find that this 30-day notice satisfies the legal constraints of the agreement and allows us to severe this contract without any further need for legal action.

I wanted you to know that we greatly appreciate your dedicated service for these past few years and harbor no ill feelings at all about Home Supplies. Our business was recently purchased by a larger contracting firm and we will be getting our supplies through that firm's vendors. I attempted to salvage the relationship with Home Supplies, but it was not possible.

Please note that all outstanding orders should still be fulfilled as per individual order instructions. All outstanding invoices will be satisfied by {{Date, Year}}, but we will not be generating any new purchase orders for your company going forward.

If you have any questions or need any further information about our discontinuation of services, you can contact me.

Yours sincerely,

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