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Examples of Impossibility of PerformanceStolen or destroyed property, i.e., contract for home remodeling that can no longer be performed if the home is destroyed. Weather conditions. Natural disaster. Government passes a law making the performance illegal.
To cancel a contract, take the following steps:Make sure you send the cancellation notice within the time allowed.Always cancel in writing. You can use the cancellation form or send a letter.Keep a copy of your cancellation notice or letter.Send your cancellation notice by certified mail, return receipt.
A party has the right to terminate a contract for non-performance and sue for damages as long as the non-performance affects the core of the contract agreement. Even though parties are expected to fulfill all of the terms of the contract, non-performance does not always constitute a violation of a contract.
We inform you that we will no longer require the services of name of company, as of date. With this notification, we comply with the minimum notice period required by our agreement. Your company has provided us with good service in the past, however, we decided to terminate our business contract due to reasons.