Intent To Terminate Contract Letter

Are you in the process of terminating a contract and need guidance on how to communicate this effectively to the other party? Look no further than the Intent To Terminate Contract Letter. Below, you will find examples of Intent To Terminate Contract Letter that you can use and modify as needed.

Reasons for Sending an Intent To Terminate Contract Letter

There are several reasons why you may need to send an Intent To Terminate Contract Letter:

• Non-compliance with terms of the contract
• Breach of contract
• Poor performance or service quality
• Financial issues
• Change in business circumstances

Example of Intent To Terminate Contract Letter

Dear [Recipient’s Name],

I am writing to inform you that we are exercising our right to terminate the contract dated [Contract Date] between [Your Company Name] and [Recipient’s Company Name]. Despite repeated attempts to address the issues at hand, we have not seen any improvement in [specific area of concern, e.g., performance, quality, compliance].

As stated in the contract, we are providing [notice period, e.g., 30 days] notice of termination. We expect all outstanding obligations to be fulfilled by [termination date, e.g., 30 days from the date of this letter].

We appreciate the business relationship we have had thus far and regret that it has come to this decision. If you have any questions or require further clarification, please do not hesitate to contact me at [Your Contact Information].

Sincerely,

[Your Name]
[Your Title]
[Your Company Name]