Termination Of Contract With Vendor

Hi,
I want to terminate a contract with a Vendor. Kindly let me know if you have any formats fo the same.
Thanks in Advance

Hi,
Kindly find a sample letter.... Hope it wud be helpful for you....
TERMINATING AN AGREEMENT: UNSATISFACTORY PRODUCT

[DATE, ex. Wednesday, June 11, 1998]


[NAME, COMPANY AND ADDRESS, ex.
XYZ Inc.
1234 First Street
Suite 567
Anycity, Anystate 85245]

Dear [NAME, ex. John Smith],

We refer to the Manufacturing Agreement between [NAME OF FIRST PARTY TO AGREEMENT] and [NAME OF SECOND PARTY TO AGREEMENT] dated [DATE OF AGREEMENT, ex. January 5, 1996].

As you are aware, we have been experiencing numerous problems with the [NATURE OF PRODUCT, ex. polymer resins] you have been supplying. The details of these problems have been communicated to you in our previous correspondence, and you have not satisfactorily addressed the problems, despite repeated requests by us.

Please accept this letter as our formal notice to you that we will be terminating the Agreement effective [EFFECTIVE DATE OF TERMINATION OF AGREEMENT, ex. August 1, 1998].

We regret having to take these measures, however our previous requests do not appear to have been met.

Sincerely,


[YOUR NAME, ex. Jill Jones]

FYI
____________________________________
GIVING NOTICE OF TERMINATION OF AN AGREEMENT: FRIENDLY TERMS

[DATE, ex. Wednesday, June 11, 1998]


[NAME, COMPANY AND ADDRESS, ex.
XYZ Inc.
1234 First Street
Suite 567
Anycity, Anystate 85245]

Dear [NAME, ex. John Smith],

We refer to the License Agreement between [NAME OF FIRST PARTY TO AGREEMENT] and [NAME OF SECOND PARTY TO AGREEMENT] dated [DATE OF AGREEMENT, ex. January 5, 1996]. Please accept this letter as our formal notice to you that we will be terminating the Agreement effective [EFFECTIVE DATE OF TERMINATION OF AGREEMENT, ex. August 1, 1998].

I would like to personally thank everyone at your organization for the co-operation they have given us for all these years.

Sincerely,


[YOUR NAME, ex. Jill Jones]

Hi,
I work at an NGO. We are registered under Companies Act 25.
We are streamlining the processes and putting systems under place now.
We have hired external resource persons for few classes without any contract letter a year ago.
We want to terminate one of the resource person becuase of misconduct, should we give them a termination letter or communicate termination to them verbally ?
Please share a termination letter.
#VendorTermination #ExternalResourceTermination #TerminationLetter