Mutual Agreement Outline Termination Letter
Mutual Agreement Outline Termination Letter
Date: [Insert Date]
Dear [Recipient's Name],
I hope this letter finds you well. I am writing to formally confirm our mutual agreement to terminate the [Name of Agreement/Contract], effective as of [Insert Date]. This decision has been made amicably and in the best interests of both parties involved.
We appreciate the positive working relationship we have enjoyed and believe that this mutual termination is conducive to our respective future goals. Here are the terms we have agreed upon concerning the termination:
-
All services and obligations specified in the [Name of Agreement/Contract] will cease as of [Insert Date].
-
Any outstanding payments or deliverables will be settled by [Insert Date].
-
Confidentiality and non-disclosure obligations will remain in effect as stated in the original agreement.
-
All equipment, documents, and materials belonging to either party will be returned by [Insert Date].
-
Each party releases the other from any further obligations or liabilities stemming from the [Name of Agreement/Contract] after the [Insert Date].
Please let us know if there are any additional details or areas that need to be addressed to ensure a smooth termination process. We are committed to ensuring a professional and efficient conclusion to our agreement.
Thank you for your attention to this matter and your cooperation throughout our partnership. We wish you continued success in your future endeavors.
Best regards,
[Your Name]
[Your Email]
