End of Contract Notice

Contract termination means to end or cancel the ongoing contract between two parties for some reason. The cancellation may be for multiple reasons like if one of the parties is unhappy with the coordination of the other party or if the need has already been fulfilled. This termination requires a professional letter to be written from the party who wills to terminate the contract to the other party.

How to formally announce the end of a contract?

A contract can be terminated for multiple reasons, like if one party is unhappy with the performance of the other party or if some party did some cheats. A contract termination is always followed by a professionally written letter. Below are attached some worthy guidelines to follow when writing a letter for the cancellation of a contract:

Choosing a professional-looking letter template is always appreciated. Choose a template that contains clear and visible sectioning of a letter.

• Write the initial terms, such as the address and name of the recipient to who you intend to send this letter. 
• Inform the recipient about the ongoing contract. 
• Notify the recipient that you want to terminate the contract.
• Write the reason for contract termination.
• Tell the date of termination you expect. 
• Write down the benefits of the other party at the termination of the contract.
• Do not write harshly.
• Wish them a stroke of good luck in the upcoming business dealings.

These are some policies that can be adopted in writing a letter of contract termination. If you follow these guidelines properly then we are sure that you can turn out a great and effective termination letter.

Contract termination letter

Dear {{Name}},

This letter will provide formal notice of termination of the above-referenced contract between {{Contractor}} and {{Organization}}, dated {{dated}}, effective {{immediately, or on a specific date}}.  You were notified of default under this contract by letter. Therefore, this contract is terminated for cause,.....