Subject: Cancellation of Contract Fallul— - Sample Letter, Montana [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Dear [Recipient's Name], I am writing this letter to formally request the cancellation of the contract without any fault on either party's behalf. As per the terms and conditions outlined in the contract, I believe it is in the best interest of both parties to terminate our agreement as mutually agreed upon. Contract Details: Contract Date: [Contract Date] Contract Reference Number: [Contract Reference Number] Name of Service/Project/Product: [Name of Service/Project/Product] Duration of the Contract: [Duration of the Contract] Agreed Payment Terms: [Payment Terms] Reason for Cancellation: [Provide a detailed explanation of the reasons leading to the cancellation of the contract. Make sure to highlight that it is a mutual decision and that there is no fault on either party's behalf. Be clear and concise while addressing the concerns that have led to this decision.] Resolution and Agreement: Both parties agree to the following terms regarding the cancellation of the contract: 1. Termination Date: The contract shall be considered terminated from the effective date provided below. 2. Financial Obligations: Both parties acknowledge that there are no outstanding financial obligations towards each other, other than those already fulfilled or specified within the contract. 3. Remaining Deliverables: Both parties agree to cease all work related to the contract as of the termination date. Any outstanding deliverables will not be required from either party. 4. Confidentiality: Both parties shall uphold the confidentiality of any confidential information shared during the duration of the contract, even after its termination. 5. Liability: Neither party shall hold the other liable for any costs, damages, or losses arising from the termination of the contract. 6. Dispute Resolution: Any disputes arising from the termination of this contract shall be resolved through amicable negotiation between the parties. Effective Date of Termination: [Effective Date of Termination maydayyy] Please find attached a signed copy of this letter as confirmation of our mutual agreement to terminate the contract without any fault. Thank you for your attention to this matter. Should there be any outstanding documents or procedures required to complete this process, please inform me promptly. I appreciate our past cooperation and hope to maintain a positive relationship moving forward. Please acknowledge receipt of this cancellation letter at your earliest convenience. Sincerely, [Your Name] Enclosure: Signed copy of this letter