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Writingor hiring an attorney to writea contract cancellation letter is the safest way to go. Even if the contract allows for a verbal termination notice, a written notice provides solid evidence of your decision, and it's always a good idea to have a written record.
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.
The letter should include the following key points:The purpose of the contract.The contract date.The reason for terminating the contract.Any termination obligations.The date of the letter.
The letter should include:Why you are terminating the business relationship (keep it impersonal)Termination date (make sure this is a good amount of time away)Emergency contact details.Recommendation, handover or referral to another company that will service their needs.Thanks for their custom.
The most common way to terminate a contract, it's just to negotiate the termination. If you want to get out of a contract, you just contact the other party involved and you negotiate an end date to that contract. There may be a fee to pay for cancellation. You might want to offer some type of consideration to cancel.