People sign contracts every day. Examples of contracts include communication, gym membership, utility services, house cleaning and so much more. Contracts aren’t full time engagements, and there will come a time when you choose to either renew or terminate a contract. If you wish to terminate a contract, write a contract termination letter. There are many free termination letter templates you can download for free online. Although you can create a letter template from scratch, it is often recommended to download a ready-developed piece to save time and money. You can use the termination template in two ways: as a guide to help you write your own letter or edit the same template and use it as a primary letter.
A contract termination letter is a formal letter stating that the term of agreement assigned to an employee is over. The letter is used to notify employees when things don’t work out for their companies or if the duration of their contract is over. It is a formally binding statement of your intention to end your contract from a party. The reason for the termination of the contract may be personal or professional, but it is essential to let the other party know that the agreement has terminated. The contract termination letter will make clear to a third party about the contract you had with your previous company. It will help you establish a professional relationship with your current company. The contract agreement should be between you and your employer.
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