_______________ [name of the recipient]
_______________ [designation of the recipient]
_______________ [company name with which the contract is to be terminated]
_______________ [address of the company]
Subject: Business termination letter
Dear __________ (name of the recipient)
I am writing this letter to inform you that we wish to terminate our business contract no___________ (number of business contract) signed with your company on__________ (date of signing the contract). The termination of the business contract would be effective from__________ (write the date of termination of business contract).We have to take this unfortunate decision because of the fact______________________ (write the genuine reason for termination of the business contract as this a professional letter).
It was therefore impossible for us to continue our professional relationship under such unfavorable business environment. As per our company records the contract was operational from____________ (date) and till date ______________ (mention the number units of products received) number of products have been actually received by our company. We are enclosing a draft of $ _________ (amount) in order to clear all you dues from our company.
We would like to once again thank for all your support and cooperation.
___________________ [sender’s name]
___________________ [senders’ designation]
___________________ [company name]