CONTRACT SUSPENSION LETTER
Kevin Clark
456 Elm Avenue
Suite 302
Suburbia, USA 54321
Dear Mr. Clark,
I am writing this letter on behalf of Quantum Systems Inc. to formally notify you about the suspension of our contract, effective immediately. Please carefully review the following terms and conditions:
1. Parties Involved:
This contract suspension letter is between Quantum Systems Inc., represented by Michael Smith, and Kevin Clark.
2. Scope of Work/Services:
The contract relates to the provision of [describe the scope of work/services in detail]. The agreement outlines the specific tasks, responsibilities, and deliverables expected from both parties.
3. Payment Terms:
Payment terms for the suspended contract remain unchanged. All outstanding invoices and payments due until the suspension date must be settled according to the agreed-upon payment schedule within [specify the number of days, e.g., 30 days].
4. Deadlines and Deliverables:
All deadlines and deliverables mentioned in the original agreement are hereby put on hold until further notice. A revised timeline and schedule will be provided once the contract suspension is lifted.
5. Confidentiality Clauses:
All confidentiality clauses mentioned in the original contract shall remain in full effect even during the suspension period. Both parties are obligated to maintain strict confidentiality regarding any proprietary or sensitive information shared during the course of the contract.
6. Other Legal Provisions:
[Include any other relevant legal provisions specific to the contract suspension, such as termination rights, dispute resolution mechanisms, or force majeure clauses.]
In the event of any breach of contract during the suspension period, the breaching party shall be liable for [specify penalties or consequences, e.g., financial penalties, termination of the contract, etc.].
Please carefully review the terms outlined in this contract suspension letter. If you agree to the terms and conditions mentioned above, kindly sign and return a copy of this letter within [specify number of days, e.g., 10 days] from the date of this letter.
If you have any questions or need further clarification, I can be reached at 222 555 7777 or smith@email.com.
Thank you for your attention to this matter.
Sincerely,
Michael Smith
Quantum Systems Inc.
303 Cedar Court
Lot 15 Countryside,
USA 45678
