[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 hope this letter finds you in good health. I am writing to inform you of my decision to cancel the contract we entered into on [Contract Date]. It is important to note that this cancellation is being initiated due to a no-fault reason, and not as a result of any dissatisfaction or breach of the terms mentioned in the contract. I would like to bring to your attention that the contract in reference is titled [Contract Title] and relates to the provision of [Brief Description of Services/Goods]. However, unforeseen circumstances have arisen, which have necessitated the cancellation of this agreement. Considering the nature of the cancellation, I kindly request that all parties involved act in good faith and cooperate to complete the termination process smoothly. To ensure a seamless cancellation, I suggest that we adhere to the following procedures: 1. Official Notification: Firstly, this letter serves as an official notification of our intent to terminate the contract. It is crucial that both parties acknowledge and acknowledge receipt of this letter. 2. Termination Date: The effective termination date of the contract should be specified and agreed upon by both parties to avoid any confusion regarding the cancellation period. 3. Return of Property/Assets: Please indicate if there are any assets or property that were exchanged as part of the contract. We ought to discuss the best method of returning these items without causing any inconvenience or additional expenses. 4. Financial Settlement: We need to determine the financial implications of the cancellation. If there are any outstanding balances or monetary obligations, we shall agree upon an appropriate resolution to settle all accounts. 5. Confidentiality and Non-Disclosure: It is essential to uphold any confidentiality and non-disclosure clauses mentioned in the original contract. We should further discuss any specifics to ensure the highest level of confidentiality is maintained. I would like to emphasize that this cancellation has no bearing on the trust and goodwill built during our business relationship. It is merely a result of circumstances beyond our control. I value our past association and would be open to exploring future opportunities if they arise. Please acknowledge receipt of this letter and confirm your understanding of the steps outlined above, so that we can proceed accordingly. I appreciate your prompt attention to this matter. Thank you for your understanding, and I look forward to resolving this situation amicably. Yours sincerely, [Your Name]
Rhode Island Sample Letter for Cancellation of Contract - No Fault
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