Dear [Name], I hope this letter finds you well. I am writing to inform you of the cancellation of our engagement. After careful consideration and discussions, we have mutually concluded that it is in both of our best interests to terminate our agreement. While this was not an easy decision to make, we believe it is the most sensible course of action at this point. We have realized that our goals and visions for the future are not aligned, and as a result, our engagement would lack the necessary foundation for a successful partnership. As per the terms of our initial agreement, we would like to propose a cancellation process that is fair and equitable for both parties involved. We suggest the following steps: 1. Notification: We kindly request that you acknowledge receipt of this letter and express your agreement to cancel the engagement in writing. 2. Review of Terms and Conditions: We must carefully review the terms and conditions outlined in our original engagement agreement to establish any additional considerations or obligations associated with the cancellation. It is imperative that both parties fully understand their respective rights and responsibilities. 3. Termination Date: We suggest setting a mutually agreed-upon termination date, following which all obligations and activities related to the engagement will cease. 4. Financial Settlement: We propose holding a meeting, or engaging in a discussion via phone or email, to determine the division of any expenses or financial commitments that have been made thus far. We aim for an equitable resolution where both parties are satisfied. It is important that we maintain a professional and respectful approach throughout this cancellation process. While it is regrettable that our engagement did not work out as planned, we believe that it is in our best interests to amicably resolve this matter and move forward separately. In the event that you have any concerns, questions, or suggestions regarding the cancellation process, please feel free to contact me at your earliest convenience. We firmly believe that open communication will lead to a more efficient and satisfactory resolution. We appreciate your understanding and cooperation in this matter. Furthermore, we sincerely wish you the best in your future endeavors. Thank you and best regards, [Your Name] Optional additional South Carolina sample letter variations: 1. South Carolina Sample Letter for Cancellation of Engagement — Breach of Contract: This letter would be used when one party believes that the other party has violated the terms of the engagement agreement, leading to the decision to cancel the engagement due to breach of contract. 2. South Carolina Sample Letter for Cancellation of Engagement — ForcMaturere: This type of letter would be used in scenarios where the engagement cannot be continued due to unforeseen circumstances such as natural disasters, acts of terrorism, or other events outside both parties' control. It would address the necessary steps for termination and potential financial settlements.