Notice of Termination
[Date]
From:
[Your Company Name]
[Your Address]
[City, State, ZIP Code]
To:
[Recipient Name/Company Name]
[Recipient’s Address]
[City, State, ZIP Code]
Subject: Notice of Termination of Contract
Dear [Recipient Name/Title],
We regret to inform you that the contract/agreement entered between [Your Company Name] and [Recipient Name/Company Name] on [Contract Date], bearing contract/agreement number [Contract Number, if applicable], will be terminated effective from [Termination Date].
This decision has been made in accordance with the terms outlined in Section [Relevant Clause/Section Number] of the contract, which permits termination under the following circumstances:
- [Reason for Termination: e.g., Business closure, Breach of contract, Completion of contract period, etc.]
Key Points of Termination Notice
- Termination Effective Date: The contract shall cease to be effective on [Termination Date].
- Obligations Post-Termination: Both parties are required to settle any pending obligations, including:
- Financial Settlements: Payment of any outstanding invoices or dues.
- Return of Property/Assets: Return of any property, documents, or assets belonging to either party.
- Final Deliverables/Handovers: [Include any remaining deliverables or final handovers required before termination.]
- Confidentiality Obligations: Any confidentiality or non-disclosure agreements will continue to remain in effect post-termination, as per the contract terms.
- Dispute Resolution: Any disputes arising from this termination shall be resolved under the jurisdiction stated in the original agreement.
We value the relationship built during our collaboration and thank you for your cooperation and support throughout our engagement. If you have any questions or require further clarification, please feel free to contact us.
We request you to acknowledge receipt of this notice and confirm the arrangements for final settlements.
Yours sincerely,
[Authorized Signatory Name]
[Designation]
[Your Company Name]
[Email Address]
[Phone Number]
Service Description
At Lexis and Company, we specialize in drafting professional and legally sound documents, including Notices of Termination, Legal Notices, and Business Communication Contracts. Our team ensures precision, compliance with legal standards, and clarity in all documents.
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- Custom Drafting Solutions tailored to your business needs.
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For Notice of Termination drafting and other legal documentation services, visit our website at lexisandcompany.in, email us at support@lexisandcompany.in, or contact us via phone or WhatsApp at +91-9051112233.
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