A termination and release agreement is a contract that is used when two parties mutual agree to end a legal contract. A letter of separation explains to an employee why they no longer work for a company and their next steps.Here's how to write one (with two samples). To terminate any legally binding business agreements, Legal Templates enables you to design a notice of contract termination in a matter of minutes. Termination of Employment. Pursuant to Section 8(3) and (8)(4) of the. What should be included in the termination letter? Forms. File: PDF icon CSE-1196A. Arizona Early Lease Termination Letter. Sample Termination Letter.