Are you in need of a Notice Of Cancellation Of Contract? Look no further! Below, you will find examples of Notice Of Cancellation Of Contract that you can use and modify as needed to suit your specific situation.
Understanding the Need for Notice Of Cancellation Of Contract
When entering into a contract, it is important to understand that there may come a time when one party wishes to cancel the agreement. This could be due to various reasons such as breach of contract, non-performance, or simply a change in circumstances. In such cases, issuing a Notice Of Cancellation Of Contract is crucial to formally communicate the decision to terminate the contract.
- Failure to meet contractual obligations
- Change in circumstances
- Unsatisfactory performance
Example of Notice Of Cancellation Of Contract
Dear [Recipient’s Name],
This letter serves as formal notice of the cancellation of the contract between [Your Company Name] and [Recipient’s Company Name] dated [Contract Date]. Due to [brief explanation of reason for cancellation], we have decided to terminate the contract in accordance with the terms and conditions outlined in the agreement.
We kindly request that you cease all activities related to the contract immediately and proceed with the necessary steps to close out any pending matters. We will be available to discuss any further details or address any concerns you may have regarding this cancellation.
Thank you for your attention to this matter.
Sincerely,
[Your Name]