Break Contract Letter
Joy Kane
953 Harrison St.
San Francisco, CA 94107
joykane@email.com
September 9, 2050
Jay Owens
11 Areslen Ave.
Los Angeles, CA 94107
Dear Mr. Owens,
I hope this letter finds you well. I am writing on behalf of Harrison Construction to inform you of our decision to terminate the contract we have with your company, effective immediately, due to financial issues.
As stated in our contract dated January 1, 2050, both parties have the right to terminate the agreement in the event of unforeseen circumstances that significantly affect the financial stability of either party. Unfortunately, Harrison Construction has recently encountered severe financial difficulties that prevent us from continuing with the contracted project.
We understand that this termination may cause inconvenience for your company, and we regret any negative impact this may have on your business operations. We assure you that this decision was made after careful consideration of all available options, and it is in the best interest of both parties involved.
Please be advised that as per the terms of our agreement, both parties will be released from their obligations and liabilities resulting from the contract termination. Additionally, any outstanding payments will be settled according to the payment schedule outlined in the contract.
Should you have any questions or require further clarification, please do not hesitate to contact me via email at harrison@email.com or by phone at 222 555 7777.
Thank you for your understanding and cooperation throughout this process. We appreciate the professional relationship we have had and hope that our paths may cross again in the future under more favorable circumstances.
Yours sincerely,
Joy Kane
