________________ [recipient name]
________________ [recipient address line 1]
________________ [recipient address line 2]
Date: _______________ [dd/mm/yy]
Subject: Agreement termination letter
Dear ______________ [recipient name]
I am writing this letter to inform you that we wish to terminate the agreement no _______ (mention the number of the agreement) that was signed on _______ (date on which the agreement was signed) for ____________________ (purpose for which the agreement is made). The reason behind the termination of the agreement is because of the fact that_________________ (write the genuine reason for termination for the agreement).Under such unfavorable circumstances it would be impossible from our side to fulfill
______________________ (state the criteria of the agreement which is not possible to be complied further) conditions of the agreement.
I thought it would be better for our interest if we terminate the agreement as soon as possible. I would like congratulate you for being cooperative for such a long ________________ (number of months or years when the agreement was operational) time.
Initially it was tough for me to take the decision of terminating the agreement but I made up my mind once_____________________ (state the situation which forced you to terminate the agreement).Please call me if you have any queries regarding the agreement termination issue.
____________________ [sender’s name]
_____________________ [sender address]