1. Prepare this letter and send it to your lawyer with the underlying contract. It is rare that the termination of the contract is undisputed. Since disputes take longer, unless they are settled on the way, it is very expensive to act in haste and repent with serenity, as the old cliché says. This letter is usually used as an initial tactic to get out of a deal. You should consult your lawyer and a lawyer if suggested by your lawyer to find the best way. We inform you that we will no longer need the services of [company name] from [date]. With this communication, we respect the minimum notification period provided for in our agreement. Your company has offered us a good service in the past, but we have decided to terminate our contract for [reasons]. The termination letter serves as information for an act to be performed in the future. Thus, the termination letter should indicate a schedule for the end of your service, it is even better to give a period of 30 days to terminate a contract.
The letter must have a date on which the cancellation takes effect. Some contracts may set out certain conditions or conditions for terminating a transaction, so all agreed terms must be taken into account before a transaction is terminated. Cancellation should not be a threat or warning, but a fact that has enforcement power. Some examples of the termination letter are attached to this template, making it easy to write a letter that fits your situation. Do you need to cancel insurance? Use this withdrawal letter template as a starting point to provide the insurance company with written notice of termination. The purpose of the termination letter is to present a clear and concise request to terminate the business relationship between you and the company, without leaving room for misinterpretations. Don`t tear yourself apart or free yourself from your original contract, no matter how tempting it is. Keep the original contract and save copies of the termination letter and correspondence in a file. Even after the company has confirmed the termination, keep the records for at least several months if they make a mistake and charge you or open the contract again. You need registrations to prove the cancellation date. It is also good to send your letter by registered letter.
It costs a little more, but you will receive a signed return card in the mail that proves that your letter has been received. Keep the tone of a professional and neutral cancellation letter. This is not the time to send a long complaint letter to the company, even if the reason for your cancellation is bad service, although it is worth saying a few words about the reason for cancellation….