How to Write Contract Termination Letter? The large companies usually sign various agreements with different contract termination letter sample pdf companies at times, for making various deals for the supply of the equipment that are required for various processes in the company.
A contract termination letter is written in order to cancel such an agreement due to some specific reasons that do not line up with terms of the agreement. The letter is contained with the details about the faults, leading to the termination of the agreement.
Refer the following tips and sample letter of termination of contract with supplier to understand what need to be communicated in the letter of contract termination. The letter should necessarily be written in a formal language, showing due respect and politeness to the recipient. Any kind of offensive or harsh words should not be used in the letter.
The date of the termination must be clearly written in the letter. The reason for the termination must be described in details so as to make the recipient understand, the necessity for the termination. If you need additional help or more examples check out some of the sample letters below.
We request you to clear up all the supplies that are remaining, within the given date and we’ll pay your lat services. We hope you’ll get other companies to deal with, which may be appropriate for your services.
According to the norms of the agreement we signed at the beginning of the contract, we have been paying for your services on the exact dates. But we are very much dissatisfied with your incomplete and delayed services, leading to huge losses to our company due to the slowing down of our production processes. Hence, it is request to you to clear all the supplies remaining, within ABC and we even promise to provide you with your remaining payments by the same date. We hoped to have a good business with you, but unfortunately your services are not appropriate for our company.
Usually big companies sign contract on yearly basis with the other companies for supply and maintenance of its various equipments. These contracts help the companies as it provides with trouble free service.