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Make cancellation of partnerships a walk in the park using this Letter to Cancel Business Partnership template. Announcing discontinuance to your partnership has never been made more easy using this free document in A4 and US letter sizes. Simply edit with Google Docs, MS Word, or Pages for best results.
Letter to Cancel Business Partnership
Dear [RECIPIENT NAME],
It is a pleasure to have a very long business partnership of [YOUR COMPANY NAME] with you. We both enjoyed this agreed partnership in terms of profit, growth, goodwill and our friendship. Now we are in good positions and having capital to manage separate businesses as discussed in our last meeting. Our partnership goes long even more than our agreement. It was because of your goodness and competency.
Concerning our personal relationship, we are having some issues [DETAILS]. Before we get into any further misunderstandings, we must get our partnership dissolved to keep our friendship.
We now can proceed to terminate the partnership agreement as defined in our first agreement which clearly defines the terms and conditions for termination of assets, capital, employees and goodwill.
I will request you to please review our first partnership agreement before our next meeting scheduled on [DATE 1].
Even after separating the businesses, I hope we will be good competitors and beat the market as we did in the last two years. It was a very nice experience of partnership and camaraderie with you.
Best wishes for your success and endeavors.