What Is a Contract Termination Letter?
A contract termination letter is a document that explicitly spells out the terms and conditions under which a person proposes to dissolve an existing business relationship. The terms and conditions for termination are normally approved by both parties when they first enter into whatever business relationship they create and written into the business agreement, so that when the time to end the relationship arrives there are no surprises. Business relationships covered by a contract termination letter may include, but are not limited to, vendors, independent contractors, landlords, construction companies, or employees. Contract termination letters are written by either party at the point where one or the other deems it necessary to dissolve the agreement. When a business relationship is beginning, there are several things that should be included in the termination clauses of the agreement, including the names of the parties who have the authority to end the relationship, all the terms an
