A Letter Ending a Contract is a letter used by a business to formally end a contract with another business.
It is important to establish how and when a contract can be ended and if there are any repercussions for doing so. A Letter Ending a Contract is necessary when the contract must be terminated in writing or when it is a requirement to have a clear written record of when the contract was terminated.
Additionally, a Letter Ending a Contract can create a record of cancellation or can serve as a courtesy to thank others for their services.
- Purpose of the contract;
- Contract date;
- Reason for termination;
- Termination obligations; and
- Date of the letter.