Letter For Not Renewing Contract

Are you in a situation where you need to draft a Letter For Not Renewing Contract? Look no further! Below you will find examples of Letter For Not Renewing Contract that you can use as a template and customize to fit your specific needs.

Explaining the Situation

When it comes to not renewing a contract, there can be various reasons behind this decision. It is important to communicate this decision clearly and professionally to the other party. Some common pain points for not renewing a contract include:

• Financial constraints
• Change in business direction
• Performance issues
• End of project or service

Example of Letter For Not Renewing Contract

Dear [Recipient’s Name],

I am writing to inform you that we have decided not to renew the contract for [service/project]. This decision was made due to [reason for not renewing contract]. We appreciate the work you have done for us during the past year, however, we feel that it is in the best interest of both parties to part ways at this time.

As per the terms of the contract, we will ensure that all outstanding payments are settled before the contract expiration date. We will also assist in transitioning any ongoing projects to ensure a smooth handover process.

We value the relationship we have built with your company and hope that we can collaborate again in the future under different circumstances. If you have any questions or require further information, please do not hesitate to contact me.

Sincerely,

[Your Name]