Termination of Services Letter to Vendor
Download this Termination of Services Letter to Vendor Design in Word, Google Docs, PDF, Apple Pages Format. Easily Editable, Printable, Downloadable.
Send your vendor a formal letter for discontinuation of services using this free Termination of Services Letter to Vendor template. Present evidence or reasons for termination of services in a fast and easy manner through this template. Download this template today to make vendor terminations official and formal.
TERMINATION OF SERVICE LETTER TO VENDOR
Dear [RECIPIENT NAME],
This letter is a formal notice of our intention to terminate the services of [COMPANY NAME] as the exclusive vendor of [YOUR COMPANY NAME] to take effect immediately.
We have decided to finally terminate your company’s vendor services after its failure to cure its commission of a material breach on the Exclusive Vendor Agreement (EVA) on which it was duly notified through a notice of breach letter dated [DATE 1]. Based on the agreement, we have a right to terminate the EVA unilaterally upon the breaching party’s failure to cure a material breach within thirty (30) days of receipt of notice of breach from the non-breaching party.
The decision of [YOUR COMPANY NAME] to terminate your vendor services is final and I have been given the express direction and authority by the company’s board of directors through a formal board resolution to refrain from entertaining any form of negotiations with your company in continuing the EVA. However, the board expressed its openness to execute another vendor agreement with your company subject nonetheless to more stringent terms and conditions to avoid the same undesirable result as the EVA.
The company would like to come to an amicable settlement regarding damages as a recompense to the injury suffered as a result of the breach. We have come to recognize that a protracted and expensive court litigation is not to the best interest of the company and will only damage your name and reputation.
If you have any questions or if you need more information, you may contact me directly through [YOUR PHONE NUMBER] or mail me at [YOUR EMAIL ID].
Already a premium member? Sign in