Business Termination Acceptance Letter Template

Business Termination Acceptance Letter Template

[Date]

[Name of Recipient] 

[Name of Company]

[Company street address]

[City], [State], [Zip Code]

Re: Business Termination of Contract Account number _________

Dear _______, 

Consistent with the preliminary communication made on [date], this letter serves as a formal notification that [Name of Company] is terminating the business relationship it has with your company effective [date]. Such termination of business relationship is premised on the following: [enumerate the reasons for the termination] which are in clear violation of the provisions of the contract executed on [date]. 

Nonetheless, we extend our sincere gratitude for all the successful transactions that transpired between our companies and we truly appreciate your dedicated service for the past ____ years. Please note that we harbor no ill feelings and we want to settle this matter as soon as possible. 

In lieu of such business termination, the orders made on [date] still has to be fulfilled by your company and our company will duly send payments. Furthermore, necessary invoices shall still be expected to document the last batch of orders. If you have further questions or clarifications, please contact us at [Provide contact number] or duly send an email in this contact [Provide email contact]. 

Respectfully yours, 

[Signature]

[Name of Sender]

[Title or Position]