New York 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: Termination of Contract — No Fault CancellatioLetterte— - New York [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally cancel the contract between [Your Company Name] and [Recipient Company Name] dated [Contract Date] for [Contract Purpose]. Our decision to cancel the contract is based on the terms and conditions outlined in the contract itself, specifically the "No Fault Cancellation" clause. As stipulated in Section [Contract Section Number, if applicable] of the contract, either party has the right to terminate the agreement without any fault or breach of contract. After careful consideration, we have concluded that it is in the best interest of both parties to exercise this provision and dissolve the contract. We genuinely appreciate the business relationship we have shared so far, and it is not an easy decision to part ways. However, circumstances have arisen which make it impractical for us to continue with the agreed terms and conditions. We strongly believe that ending the contract will benefit both parties by allowing us to pursue alternative arrangements that align better with our current organizational goals and market demands. As agreed upon in the contract's cancellation provisions, we kindly request the return of any outstanding deliverables, confidential information, or proprietary materials belonging to [Your Company Name]. We will make arrangements for the return of any equipment or property leased or borrowed during the duration of the contract, following the outlined procedures in Section [Contract Section Number, if applicable]. Please consider this letter as an official notice of termination, effective [Termination Date, typically 30 days from the letter's date]. We kindly request your prompt and sincere cooperation to ensure a smooth transition and closure of the agreement. Any pending payments or outstanding balances must be resolved according to the terms and conditions stated in the contract. Should you have any questions or require additional information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. We hope that this decision will not strain our professional relationship and that we may have the opportunity to collaborate again in the future. Thank you for your attention and understanding. Sincerely, [Your Name] [Your Title/Position] [Your Company Name]

Subject: Termination of Contract — No Fault CancellatioLetterte— - New York [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally cancel the contract between [Your Company Name] and [Recipient Company Name] dated [Contract Date] for [Contract Purpose]. Our decision to cancel the contract is based on the terms and conditions outlined in the contract itself, specifically the "No Fault Cancellation" clause. As stipulated in Section [Contract Section Number, if applicable] of the contract, either party has the right to terminate the agreement without any fault or breach of contract. After careful consideration, we have concluded that it is in the best interest of both parties to exercise this provision and dissolve the contract. We genuinely appreciate the business relationship we have shared so far, and it is not an easy decision to part ways. However, circumstances have arisen which make it impractical for us to continue with the agreed terms and conditions. We strongly believe that ending the contract will benefit both parties by allowing us to pursue alternative arrangements that align better with our current organizational goals and market demands. As agreed upon in the contract's cancellation provisions, we kindly request the return of any outstanding deliverables, confidential information, or proprietary materials belonging to [Your Company Name]. We will make arrangements for the return of any equipment or property leased or borrowed during the duration of the contract, following the outlined procedures in Section [Contract Section Number, if applicable]. Please consider this letter as an official notice of termination, effective [Termination Date, typically 30 days from the letter's date]. We kindly request your prompt and sincere cooperation to ensure a smooth transition and closure of the agreement. Any pending payments or outstanding balances must be resolved according to the terms and conditions stated in the contract. Should you have any questions or require additional information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. We hope that this decision will not strain our professional relationship and that we may have the opportunity to collaborate again in the future. Thank you for your attention and understanding. Sincerely, [Your Name] [Your Title/Position] [Your Company Name]