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Mississippi Sample Letter for Cancellation of Contract - Business to Customer

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Multi-State
Control #:
US-0443LR
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Word; 
Rich Text
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Sample Letter for Cancellation of Contract - Business to Customer
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Customer's Name] [Customer's Address] [City, State, ZIP] Subject: Cancellation of Contract Dear [Customer's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you that we regretfully have to cancel the contract between our company, [Your Company Name], and you, [Customer's Name]. This decision was not made lightly, as we highly value our business relationship with you. [Optional: Provide a brief background about the contract and its purpose.] The cancellation of this contract is due to [provide a specific reason for cancellation, such as unforeseen circumstances, changes in market dynamics, or any relevant factor]. Our decision was finalized after thorough consideration and analysis of the current business landscape and future projections. We understand the inconvenience this may cause and want to assure you that this cancellation will not impact any commitments or services already rendered under the existing agreement. We are committed to fulfilling all outstanding obligations and ensuring a smooth transition during this process. To facilitate a seamless cancellation process, we kindly request your cooperation in returning any company property or items provided under the contract. Additionally, any outstanding payments or fees, as per the terms and conditions of the agreement, need to be settled within [mention a specific timeframe, typically 30 days] from the date of this letter. As a valued customer, we want to ensure your satisfaction and assist you in any way possible during this transition. If you have any queries, concerns, or require any further assistance, please do not hesitate to contact our dedicated customer service team at [provide contact details]. We appreciate the opportunity to have served you and regret any inconvenience caused by this cancellation. Our team remains committed to delivering exceptional service whenever possible, and we look forward to the possibility of collaborating with you again in the future. Thank you for your understanding and cooperation in this matter. We wish you continued success in your endeavors. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Customer's Name] [Customer's Address] [City, State, ZIP] Subject: Cancellation of Contract Dear [Customer's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you that we regretfully have to cancel the contract between our company, [Your Company Name], and you, [Customer's Name]. This decision was not made lightly, as we highly value our business relationship with you. [Optional: Provide a brief background about the contract and its purpose.] The cancellation of this contract is due to [provide a specific reason for cancellation, such as unforeseen circumstances, changes in market dynamics, or any relevant factor]. Our decision was finalized after thorough consideration and analysis of the current business landscape and future projections. We understand the inconvenience this may cause and want to assure you that this cancellation will not impact any commitments or services already rendered under the existing agreement. We are committed to fulfilling all outstanding obligations and ensuring a smooth transition during this process. To facilitate a seamless cancellation process, we kindly request your cooperation in returning any company property or items provided under the contract. Additionally, any outstanding payments or fees, as per the terms and conditions of the agreement, need to be settled within [mention a specific timeframe, typically 30 days] from the date of this letter. As a valued customer, we want to ensure your satisfaction and assist you in any way possible during this transition. If you have any queries, concerns, or require any further assistance, please do not hesitate to contact our dedicated customer service team at [provide contact details]. We appreciate the opportunity to have served you and regret any inconvenience caused by this cancellation. Our team remains committed to delivering exceptional service whenever possible, and we look forward to the possibility of collaborating with you again in the future. Thank you for your understanding and cooperation in this matter. We wish you continued success in your endeavors. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name]

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FAQ

How to Terminate a Contract LegallyUse a termination clause. If your contract has a termination clause, you can follow the steps stipulated in it to release yourself from the contract.Claim the contract is impossible.Claim frustration of purpose.Identify a breach of contract.Negotiate termination.

To cancel a contract, take the following steps:Make sure you send the cancellation notice within the time allowed.Always cancel in writing. You can use the cancellation form or send a letter.Keep a copy of your cancellation notice or letter.Send your cancellation notice by certified mail, return receipt.

The letter should include the following key points:The purpose of the contract.The contract date.The reason for terminating the contract.Any termination obligations.The date of the letter.

Check State Laws. Many states, like California, grant consumers a statutory "cooling off" period, typically three to five days, during which a consumer can cancel a contract for any reason by sending the seller a written cancellation notice.

We inform you that we will no longer require the services of name of company, as of date. With this notification, we comply with the minimum notice period required by our agreement. Your company has provided us with good service in the past, however, we decided to terminate our business contract due to reasons.

Put It in WritingThe Polite Bow-Out. This script is honest and polite, for when it's clear that you and the client agree that you're not able to meet their needs.The Excuse. Use this script when a client is a pain to deal with, but it would be rude to say so.The Collection Letter.

Client Termination LettersIt's not necessary, or suggested, to include a reason for the termination.Tell the client what they need to do to move forward without you and what could happen if they don't.Termination means it's the end.Send the letter via a traceable delivery method.More items...

The General Rule: Contracts Are Effective When Signed Unless a contract contains a specific rescission clause that grants the right for a party to cancel the contract within a certain amount of time, a party cannot back out of a contract once they have agreed and signed it.

Stay calm, rational and polite. Give reasons for terminating the relationship, but keep emotion and name-calling out of the conversation. Follow-up with a phone call. You can start the process with an email, but you should follow-up with a phone call to talk your client through the process and answer any questions.

Dear Name, This letter is to inform you that as of date, we will no longer require your services. We've enjoyed working with name of company but due to reasons, we have decided to terminate our contract. All outstanding deliverables should be completed before our contract is officially terminated.

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Mississippi Sample Letter for Cancellation of Contract - Business to Customer