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A termination of contract letter, also known as a breach of contract letter, communicates to a counterparty that you are planning to breach the contract, effectively terminating the agreement that currently governs your business relationship. This sample termination of contract letter will help you understand how a breach of contract letter functions and why lawyers include certain terms.
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[Counterparty Company Name] [Address] [Address] [Address] [Attention: Responsible Party]
Dear [Responsible Party],
[I am writing to inform you that/This letter serves as confirmation that] [Company Name] is terminating the [Agreement Name], dated [Agreement Date] (the “Agreement”), pursuant to Section [__] of the Agreement.
On [Date of Notification of Breach Letter] we notified [Counterparty Company Name] that it had breached Section [__] of the Agreement. According to the procedures set forth in Section [__] of the Agreement, [Counterparty Company Name] had [Insert Contractually Agreed Time Period Permitted for Cure] from the date of [Date of Notification of Breach Letter] to cure this breach. That period has now expired, but [Counterparty Company Name] has not cured the breach. Accordingly, we are terminating the Agreement as of [Date].
Please let me know if you have any questions.
[Name] [Title at Company]
Disclaimer This form is a sample that has been prepared for general informational purposes only. Nothing contained in the form is legal advice, nor does it create an attorney-client relationship with either the drafting attorney or Priori Legal. You are encouraged to seek your own legal counsel to review the form, customize it for your business and obtain advice on its general applicability prior to use.
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