Official letters are very popular now a day. These letters are very useful. Termination letters are of many types. One of them is discussed here. Business agreement letters are handy. These letters are used to end the business agreement and to inform the receiver that the contract between the two companies is terminated.
This termination may result due to any kind of glitches or fraud or incomplete contract. These contracts also end when the raw materials also have some types of errors.
Table of Contents
Business Agreement Termination Letter Writing Tips:
- The letter should not contain any mistakes.
- The letter should be written sensibly.
- The letter should show all respect.
- The letter should end with a wish of luck.
Business Agreement Termination Letter Template
Date: __________ (letter writer wrote the letter on this very day)
Subject: Letter of termination of the business agreement
It is on my part on behalf of our company to inform you that our contract ________________(name of contract) _______________(starting date) has been terminated. This thing happened due to the fraud from your company. The products were not up to the mark.______________________(write about how it affected you) The decision was taken collectively by all the members of our board of directors.
The products are sent back to your company. The payments could not be sent; this is due to the ongoing enquiry. I hope this glitch will be totally exposed. As the enquiry completes the payments will be cleared. Thanking you.
Name and Signature
Drake industries ltd,
Mr. Vicky Kaushal,
Respected Mr. Vicky,
This is a formal message to inform you that the contract between our company will be terminated on 28th September 2018. According to the terms and conditions on the contract is any party cannot deliver the results the other party has right to terminate the contract.
As mentioned in the contract, your company was supposed to deliver the products on or before 13th September. But even after a week, we didn’t receive our product. We are very much disappointed. This delay caused us a huge financial loss, and we are on the verge of losing our clients.
This is the reason we want to terminate our agreement. For payment or any other details or query contact us at 99089790 or email us on firstname.lastname@example.org. Below is the copy of termination, please sign it and send it to address mentioned above.
Subject: Termination Letter
Dear Mr Kusha Bangarpet,
Sub: Termination of our Business Contract.
Ref: Our Business Contract dated 20th October 2009.
We would like to inform you that despite our constant complaints about the sub-standard surgical equipment that we are receiving from you, there has been no action taken by you to improve the situation. Therefore, we have decided to terminate our Business Contract mentioned in “Ref”. The termination is applicable from 31st May 2010.
Please get your outstanding bills, if any, settled by us within 19th May 2010.