Puerto Rico 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 Puerto Rico Sample Letter for Cancellation of Contract — No Fault: [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Job Title/Position] [Company Name] [Company Address] [City, State, Zip Code] Subject: Cancellation of Contract — No Fault Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request the cancellation of the contract between [Your Name/Company] and [Recipient's Name/Company] dated [Contract Date], due to no fault on either party's side. After careful consideration and a thorough evaluation of our business needs and priorities, we have come to the decision that it is mutually beneficial to terminate the contract. Despite the successful collaboration and efforts invested to date, recent changes in our strategic direction require us to reallocate our resources and shift our focus towards other business opportunities. We acknowledge that as per the terms and conditions outlined in the contract, a termination notice period of [notice period stated in the contract] is required. We assure you that we will adhere to this notice period and fulfill our contractual obligations during this time. To ensure a smooth transition, we propose the following plan of action: 1. Initiate a meeting: We kindly request a meeting to discuss the cancellation process, resolve any outstanding matters, and identify the necessary steps for an amicable termination. 2. Inventory and return of properties: We will compile an inventory list of all materials, documents, or properties exchanged as part of the contract. Any borrowed items will be promptly returned to your organization in the condition they were received. 3. Payment settlement: We will review the financial aspects of the contract and promptly settle any outstanding payments or fees owed as per the agreed terms. We kindly request you to provide a final invoice for our records. 4. Transition support: We are committed to providing reasonable support during the transitional phase, ensuring a smooth handover of any ongoing projects or tasks. We will work closely with your team, sharing our knowledge and providing necessary assistance to facilitate a seamless transition. We would like to express our gratitude for the professional and successful collaboration we have enjoyed during the tenure of this contract. Although our business relationship will end, we sincerely hope to maintain a positive and cordial rapport based on mutual respect. Please confirm your understanding of this letter's content and your agreement to proceed with the cancellation by providing a written acknowledgement. We kindly request that you prepare the necessary termination agreement or contract release document for our respective signature. Should you have any questions or require further clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. We look forward to resolving this matter efficiently and with the utmost professionalism. Thank you for your attention to this matter, and we wish you continued success. Sincerely, [Your Name] [Your Job Title/Position] [Your Company Name]

Puerto Rico Sample Letter for Cancellation of Contract — No Fault: [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Job Title/Position] [Company Name] [Company Address] [City, State, Zip Code] Subject: Cancellation of Contract — No Fault Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request the cancellation of the contract between [Your Name/Company] and [Recipient's Name/Company] dated [Contract Date], due to no fault on either party's side. After careful consideration and a thorough evaluation of our business needs and priorities, we have come to the decision that it is mutually beneficial to terminate the contract. Despite the successful collaboration and efforts invested to date, recent changes in our strategic direction require us to reallocate our resources and shift our focus towards other business opportunities. We acknowledge that as per the terms and conditions outlined in the contract, a termination notice period of [notice period stated in the contract] is required. We assure you that we will adhere to this notice period and fulfill our contractual obligations during this time. To ensure a smooth transition, we propose the following plan of action: 1. Initiate a meeting: We kindly request a meeting to discuss the cancellation process, resolve any outstanding matters, and identify the necessary steps for an amicable termination. 2. Inventory and return of properties: We will compile an inventory list of all materials, documents, or properties exchanged as part of the contract. Any borrowed items will be promptly returned to your organization in the condition they were received. 3. Payment settlement: We will review the financial aspects of the contract and promptly settle any outstanding payments or fees owed as per the agreed terms. We kindly request you to provide a final invoice for our records. 4. Transition support: We are committed to providing reasonable support during the transitional phase, ensuring a smooth handover of any ongoing projects or tasks. We will work closely with your team, sharing our knowledge and providing necessary assistance to facilitate a seamless transition. We would like to express our gratitude for the professional and successful collaboration we have enjoyed during the tenure of this contract. Although our business relationship will end, we sincerely hope to maintain a positive and cordial rapport based on mutual respect. Please confirm your understanding of this letter's content and your agreement to proceed with the cancellation by providing a written acknowledgement. We kindly request that you prepare the necessary termination agreement or contract release document for our respective signature. Should you have any questions or require further clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. We look forward to resolving this matter efficiently and with the utmost professionalism. Thank you for your attention to this matter, and we wish you continued success. Sincerely, [Your Name] [Your Job Title/Position] [Your Company Name]