In this article on letter writing, we focus our attention on how to write an agreement termination letter, the key information or subjections to include as well as a Sample Letter to serve as a guide for you.
An agreement termination letter is a formal document that informs the other party to an agreement that the agreement is being terminated. Again, this letter serves as written notice of the termination, and outlines the reason for the termination and the effective date. It can be used to terminate contracts, rental agreements, service agreements, or any other type of agreement between two parties. Also, the letter should be written in a professional manner, and should include all relevant details related to the termination of the agreement.
An agreement termination letter typically includes the following sections and components:
Introduction: The introduction should include the name and address of the recipient, the name and address of the sender, and the date the letter is being written.
Purpose of the Letter: The purpose of the letter should be clearly stated in the opening paragraph, which is to terminate the agreement.
Effective Date of Termination: The effective date of termination should be stated in the letter, including the date when the agreement will no longer be in effect.
Reason for Termination: The reason for termination should be provided in clear and concise language. It could be due to a breach of contract, changes in circumstances, or any other valid reason.
Notice Requirements: If the agreement requires notice of termination, this section should indicate that the necessary notice has been given.
Future Obligations: This section should address any remaining obligations that either party may have after the termination of the agreement.
Closing: The closing should be brief and professional, and should include the sender’s signature, name and title.
Write an agreement termination letter
Address of the writer
Date
Address of the receiver
Dear [Name of recipient],
Heading/Title
I am writing to inform you that I am terminating the agreement between [Your Name] and [Name of Company] effective immediately. The agreement, dated [Agreement Date], was entered into for the purpose of [Purpose of Agreement].
This decision to terminate the agreement was not taken lightly, but it has become necessary due to [Reason for Termination]. I have tried to resolve the issues but have been unable to reach a satisfactory resolution.
Please be advised that this termination will not affect any rights or obligations that have already accrued prior to the date of termination. I request that you confirm receipt of this letter and that all steps necessary to effectuate the termination of the agreement be taken as soon as possible.
READ: How to write informal letters or friendly letters – BECE, WASSCE and GTLE
If there are any further steps required to close out our agreement, please let me know and I will take the necessary actions.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Name]