However, always make sure that if you decide to send a contract termination letter, it will cause you the least harm. Here are the ways to terminate a contract with or without termination of the contract: If a person or organization enters into an agreement with another company and decides not to renew the contract on its termination date for any reason, the best way to do so is to write a letter of termination of the contract. Use this type of communication to notify an organization or individual in writing of the termination between the two parties. However, you can also send a contract termination letter, depending on your own needs. Here are some important notes to keep in mind when drafting a contract termination: Under section [__], [Contract Name] expires on [Expiration Date], but automatically renews unless terminated at least [Termination Period Required] before [Expiration Date]. This letter serves as timely notice that [the Company] has decided not to renew [Contract Name]. Therefore, [contract name] ends on [expiration date]. [Unless I hear otherwise from you, I assume you acknowledge this termination.] Enter the contents of the letter briefly and in the period. Inform the party that you wish to terminate your contract before a certain date.
Refer to the clause in the contract that allows termination and your obligations (if any) in relation to the termination clause. Provide the reason for the cancellation and your contact information. The reason for the desire to terminate the contract may vary and this reason must be adequately mentioned in the letter of termination of the contract. This avoids the automatic renewal of the contract that regulated the business relationship and ends with the agreement at the time of the expiry of the contract. We inform you that we no longer need the services of [company name] from [date]. With this notice, we respect the minimum notice period prescribed in our agreement. Your company has provided us with good service in the past, but we have decided to terminate our business contract for [reasons]. From that moment on, our company will no longer place orders with your company. .