Contracts are legally binding documents. Thus, cancellation or termination cannot be easily done without a strong basis. Contract cancellation is the termination of a contract, through its force, validity, or efficiency destruction. Basically, cancellation puts a contract to an end by releasing the other side from responsibilities and obligations as yet unaccomplished, typically because either one of the two parties has violated or breached.
If you are one of the parties involved in a contract, you are obligated to act upon the responsibilities of keeping that legal document — no matter what your role is, either you are the promisor or promisee. For further understanding, the former is the side that created the promise, while the latter is the party that is being promised. However, in cases of breach of an agreement or failure to act upon the obligations pertaining to that contract, a contract cancellation letter may be produced and sent. Hence, if you desire to use a professionally written and well-crafted template for your contract cancellation letter, we have presented easily editable templates and examples below.
Most people mistook agreements for contracts. Although both are closely related, they still have distinct characteristics and functions. Agreements are any mutual arrangement or disposition between two or more parties while contracts are a special kind of agreement that creates a legal bond and is enforceable by law. Moreover, you may create a letter of contract cancellation if there are instances that push you to withdraw from that particular legal document. If you are not confident in writing one for yourself, you may download this template for easier work and a spot-on letter.
A contract termination notice helps you to formally announce your plan of canceling your contract to the other party. It contains the end date of that particular document and creates a report that you informed the other party about the said cancellation. Whatever reason you have — may it be dissatisfaction of the services provided or other grounds for cancellation, creating a notice of contract termination helps in maintaining a good relationship between you and the other person involved. Get a copy of this template now by clicking the download button.
Unlike agreements, contracts cannot be freely canceled or termination because you need to have firm grounds for its cancellation. In addition, contracts are enforceable by law; hence, making it complicated and delicate to terminate. You must comprehensively give the reason/s why you want to cancel such document and follow the legal terms of the process. Most importantly, indicate the date when you want to end the legal agreement for the benefit of both parties. To help you shape up your letter, download this template now!
Contract cancellation or termination is not an easy task, especially if you are dealing with a close business partner or relatives, even. But what needs to be done, should be done; thus, get everything sorted out by writing an on-point letter that states why do you want to cancel the contract and when do you want it to end. Moreover, maintain a professional tone in writing to show formality and remind them of the weight of that certain document. Here is a free template to guide you in writing that is downloadable anytime, anywhere.
A service contract is a business agreement between a buyer and a seller about a service or maintenance provided over a specific period of time. In other words, it defines a work-agreement between two parties. Service contracts, usually, encompass the payment arrangements and deadlines. If you are a dissatisfied client, then you may write a service contract termination letter and present it to your partner for the convenience of both of you. Hit the download button now to secure a copy of this template.
There are different grounds for contract termination or cancellation. One example is the breach of contract. It is the purposefully dishonoring of the document by either of the two parties. Furthermore, it may occur when one part flunked to meet his or her obligations or failed to fully meet his/her obligations. There are other grounds for the termination of contract such as the impossibility of performance, rescission of the contract, by prior agreement, and completion of the contract. If one of these has happened, you may make the document void based on any of the said grounds. Write a comprehensible business contract termination letter by getting a copy of this template, click download now.
Contract cancellation letters are difficult to compose because they are not the same as the casual letters that contain regards or wishes sent to a particular person. This kind of letter requires time, attention, presence of mind, consideration, and professionalism. Canceling a contract is not as easy as canceling an order at your favorite fast-food restaurant, this is one belongs to the bigger picture. It is about putting an end on your business connection and relation with a particular partner. You need to set the proper tone and construct a formal letter with all your intentions, reasons, and gratitude precisely written in a piece of paper.
If your partner did not meet the obligations given to him or has violated certain terms of your contract, then it is possible for you to cancel your agreement because that is a breach of contract. For example, you have purchased a good or service but it failed to arrive on its indicated day of arrival or have arrived late. Thus, you fully have the right to cancel the agreement.