Guam Sample Letter for Cancellation of Contract - No Fault

• Category: Letters - Nonlegal - Cancellations
• State: Multi-State
• Control #: US-0442LR
• Format: Word; Rich Text

Description

Sample Letter for Cancellation of Contract - No Fault Subject: Cancellation of Contract Fallul— - [Your Name/Company Name] and [Recipient's Name/Company Name] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to formally request the cancellation of the contract between [Your Name/Company Name] and [Recipient's Name/Company Name] due to unforeseen circumstances beyond our control. As per the terms and conditions mentioned in our agreement, we kindly request a termination of the contract in a fair and amicable manner. Firstly, I would like to express our sincerest gratitude for the opportunity to work with your esteemed organization. Over the course of our partnership, we have strived to meet the agreed-upon objectives, deadlines, and expectations to ensure mutual growth. However, due to recent unforeseen circumstances, it has become apparent that continuing the contract is no longer feasible for either party. Considering the no-fault situation, we believe that a cancellation without any penalty or blame is the most appropriate course of action. We acknowledge our joint commitment to maintaining a positive and respectful relationship, and we hope to resolve this matter swiftly and efficiently. As stated in the agreement, please be aware that the cancellation of the contract should not affect any financial obligations or liabilities incurred prior to the termination date. We are prepared to fulfill our outstanding obligations and settle any dues adhering to the agreed terms and conditions. Should there be any contractual clauses that require specific notification periods or procedures for cancellation, please let us know, and we will comply accordingly. To facilitate a seamless transition, we propose conducting a mutual review of the current project status and any pending deliverables. This review will allow us to discuss any potential concerns or requirements to ensure a smooth handover. Furthermore, we are open to discussing any necessary post-cancellation support, such as knowledge transfer or providing assistance to aid in the transition process. We firmly believe that a no-fault termination is the most logical and fair solution to the current situation. It is our hope that you share this perspective and agree to our request. We appreciate your understanding in this matter and anticipate your prompt response. Thank you for the opportunity to work with you and your organization. If you have any questions or require further clarification, feel free to reach out to us directly. We value our professional relationship and hope for a mutually beneficial resolution. Wishing you continued success. Sincerely, [Your Name] [Your Position/Title] [Your Company Name] [Date]

Subject: Cancellation of Contract Fallul— - [Your Name/Company Name] and [Recipient's Name/Company Name] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to formally request the cancellation of the contract between [Your Name/Company Name] and [Recipient's Name/Company Name] due to unforeseen circumstances beyond our control. As per the terms and conditions mentioned in our agreement, we kindly request a termination of the contract in a fair and amicable manner. Firstly, I would like to express our sincerest gratitude for the opportunity to work with your esteemed organization. Over the course of our partnership, we have strived to meet the agreed-upon objectives, deadlines, and expectations to ensure mutual growth. However, due to recent unforeseen circumstances, it has become apparent that continuing the contract is no longer feasible for either party. Considering the no-fault situation, we believe that a cancellation without any penalty or blame is the most appropriate course of action. We acknowledge our joint commitment to maintaining a positive and respectful relationship, and we hope to resolve this matter swiftly and efficiently. As stated in the agreement, please be aware that the cancellation of the contract should not affect any financial obligations or liabilities incurred prior to the termination date. We are prepared to fulfill our outstanding obligations and settle any dues adhering to the agreed terms and conditions. Should there be any contractual clauses that require specific notification periods or procedures for cancellation, please let us know, and we will comply accordingly. To facilitate a seamless transition, we propose conducting a mutual review of the current project status and any pending deliverables. This review will allow us to discuss any potential concerns or requirements to ensure a smooth handover. Furthermore, we are open to discussing any necessary post-cancellation support, such as knowledge transfer or providing assistance to aid in the transition process. We firmly believe that a no-fault termination is the most logical and fair solution to the current situation. It is our hope that you share this perspective and agree to our request. We appreciate your understanding in this matter and anticipate your prompt response. Thank you for the opportunity to work with you and your organization. If you have any questions or require further clarification, feel free to reach out to us directly. We value our professional relationship and hope for a mutually beneficial resolution. Wishing you continued success. Sincerely, [Your Name] [Your Position/Title] [Your Company Name] [Date]