Free Third-Party Contract Termination Letter Template
Third-Party Contract Termination Letter
[Your Name]
[Your Company Name]
October 15, 2052
Tom Williams
Operations Director
Brightstar Technologies
321 Cedar Street
San Francisco, CA 94103
Dear Mr. Williams,
This letter serves as formal notice that our contract with Brightstar Technologies, entered into on January 5, 2051, will be terminated effective December 1, 2052. As stipulated in Section 8.3 of our agreement, we have the right to terminate the contract based on a significant shift in our business strategy and the increased need for more specialized technical expertise that is outside the current scope of our partnership.
Our company has recently pivoted toward developing more specialized software solutions, which require a higher level of expertise in AI-driven technologies and cloud computing that your services do not cover. Moreover, as we are expanding into new market segments, we need to focus our resources on partnerships that align closely with these new goals.
We kindly request that all ongoing work be finalized by December 1, 2052, and that any outstanding deliverables or payments be addressed before that time. If any assistance is needed with transitioning responsibilities or information, we are happy to collaborate on the next steps.
We appreciate your understanding and cooperation during this period. Please don’t hesitate to contact us should you need further clarification.
Sincerely,
[Your Name]
CEO
