Contract Termination Fee Waiver Letter
Contract Termination Fee Waiver Letter
Peter H. Cooley
Salem, MA 01970
222 555 7777
October 5, 2053
Charlotte B. Williams
Tucson, AZ 85714
Dear Ms. Williams,
I hope this letter finds you in good health. I am writing to request a waiver of the contract termination fee as stated in the agreement between our organizations. The purpose of this letter is to customize the terms of termination to avoid unnecessary fees and ensure fairness.
After careful consideration, we believe that the contract termination fee is excessive and does not accurately reflect the circumstances surrounding our business relationship. It is our understanding that the termination fee serves as a deterrent for prematurely ending the contract; however, the current amount is disproportionate to the potential impact on either party.
Our long-term and successful partnership has been plagued by unforeseen circumstances, including financial challenges due to the ongoing pandemic. Unfortunately, these unforeseen events have significantly affected our organization's financial stability, making it impossible to fulfill the financial obligations outlined in the agreement.
We acknowledge that terminating the contract would result in inconvenience for both parties. Nevertheless, forcing us to comply with the existing termination fee would place an unjust burden on our already strained resources. It is our sincere hope that you can understand our position and grant us the waiver we seek.
Please find attached supporting documentation that provides additional context and justification for our request. We believe this documentation will further demonstrate the necessity of granting the waiver.
In accordance with your guidelines, we have worked diligently to present our case in a clear and concise manner. We appreciate your understanding and flexibility in considering our request for the waiver of the contract termination fee.
In conclusion, we kindly ask that you grant our request for a waiver of the contract termination fee. We believe this mutually beneficial solution will allow both organizations to move forward without incurring unnecessary financial strain.
Thank you for your time and attention to this matter. We sincerely appreciate your ongoing support and collaboration. Should you require any additional information, please do not hesitate to contact me directly.
Sincerely,
Peter H. Cooley
