Vermont 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 [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Cancellation of Contract — No Fault Dear [Recipient's Name], I am writing this letter to officially cancel the [type of contract] entered into between [your name/business] and [recipient's name/business] on [contract initiation date]. This cancellation is being made in accordance with the no-fault cancellation provision stated in the agreement. I must emphasize that this cancellation is not due to any negligence, breach, or fault from either party involved. Rather, it is a voluntary decision made after careful assessment of our ongoing needs and considerations. Although we have enjoyed our business relationship thus far, circumstances have changed, and we find it necessary to terminate the contract. To ensure a smooth transition, we kindly request your cooperation in the following matters: 1. Termination Date: The cancellation will take effect on [termination date], providing adequate time for both parties to wrap up any pending tasks or obligations. 2. Post-Cancellation Responsibilities: As per the agreement, this cancellation does not absolve either party from fulfilling their obligations before the termination date. Therefore, we will continue to honor any outstanding commitments as agreed upon until the termination date. 3. Confidentiality and Privacy: Both parties must maintain confidentiality regarding any sensitive information or trade secrets obtained during the duration of our contract. Furthermore, any personal information or data shared between us should be handled in accordance with applicable laws and regulations. 4. Return of Property and Materials: We kindly request that you promptly return any property, documents, equipment, or materials owned by [your name/business]. Please ensure they are in good condition and adequately packaged for safe return. 5. Final Invoice and Payment: Once all outstanding obligations have been fulfilled by both parties, we request a final invoice from your side, if applicable. We will settle any remaining payments within [number of days] of receiving the invoice. 6. Termination Confirmation: We kindly request a written confirmation acknowledging the cancellation of the contract. This will serve as formal documentation of our mutual agreement regarding termination and prevent any future misunderstandings. Please note that this cancellation does not relieve either party from any legal or financial claims that may arise from the contract's termination. It is our intention to settle all matters amicably and in compliance with the terms outlined in the agreement. If you have any questions or concerns regarding the cancellation process or need further clarification on any aspect, please do not hesitate to contact me at [your email address] or [your phone number]. We thank you for the cooperation and understanding during this process. It has been a pleasure doing business with you, and we wish you continued success in all your future endeavors. Yours sincerely, [Your Name] [Your Title/Position] [Your Company/Business Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Cancellation of Contract — No Fault Dear [Recipient's Name], I am writing this letter to officially cancel the [type of contract] entered into between [your name/business] and [recipient's name/business] on [contract initiation date]. This cancellation is being made in accordance with the no-fault cancellation provision stated in the agreement. I must emphasize that this cancellation is not due to any negligence, breach, or fault from either party involved. Rather, it is a voluntary decision made after careful assessment of our ongoing needs and considerations. Although we have enjoyed our business relationship thus far, circumstances have changed, and we find it necessary to terminate the contract. To ensure a smooth transition, we kindly request your cooperation in the following matters: 1. Termination Date: The cancellation will take effect on [termination date], providing adequate time for both parties to wrap up any pending tasks or obligations. 2. Post-Cancellation Responsibilities: As per the agreement, this cancellation does not absolve either party from fulfilling their obligations before the termination date. Therefore, we will continue to honor any outstanding commitments as agreed upon until the termination date. 3. Confidentiality and Privacy: Both parties must maintain confidentiality regarding any sensitive information or trade secrets obtained during the duration of our contract. Furthermore, any personal information or data shared between us should be handled in accordance with applicable laws and regulations. 4. Return of Property and Materials: We kindly request that you promptly return any property, documents, equipment, or materials owned by [your name/business]. Please ensure they are in good condition and adequately packaged for safe return. 5. Final Invoice and Payment: Once all outstanding obligations have been fulfilled by both parties, we request a final invoice from your side, if applicable. We will settle any remaining payments within [number of days] of receiving the invoice. 6. Termination Confirmation: We kindly request a written confirmation acknowledging the cancellation of the contract. This will serve as formal documentation of our mutual agreement regarding termination and prevent any future misunderstandings. Please note that this cancellation does not relieve either party from any legal or financial claims that may arise from the contract's termination. It is our intention to settle all matters amicably and in compliance with the terms outlined in the agreement. If you have any questions or concerns regarding the cancellation process or need further clarification on any aspect, please do not hesitate to contact me at [your email address] or [your phone number]. We thank you for the cooperation and understanding during this process. It has been a pleasure doing business with you, and we wish you continued success in all your future endeavors. Yours sincerely, [Your Name] [Your Title/Position] [Your Company/Business Name]