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Services Termination Notice

Last revision Last revision 13-08-2024
Formats FormatsWord and PDF
Size Size1 to 2 pages
Fill out the template

Last revisionLast revision: 13-08-2024

FormatsAvailable formats: Word and PDF

SizeSize: 1 to 2 pages

Fill out the template

A Services Termination Notice is used by a party to let the other party know that they wish to terminate the Service Agreement and services provided thereunder prior to the expiry of the term of the Agreement.

A party may wish to terminate an agreement before the expiry of its term for various reasons, including a breach by the other party, services no longer being required or shutting down a specific activity/business.

This document should only be used to end and cancel an agreement before its expiry.

 

How to use this document?

This letter provides information on whether there has been a breach of the Agreement, the nature of the breach, and whether any notice has been given to rectify the breach. It also enables the party sending the letter to specify if any amounts are due under the Agreement from any party to the other and to specify the period within which the amounts should be paid. The letter allows the parties to confirm that no further amounts need to be paid or obligations are undertaken post-termination and acceptance of the letter.

Once this letter is completed with all the relevant information, the party sending the letter can sign and send an original signed copy to the other party by registered mail with acknowledgement due. Using this method helps to have a record that a written notice of termination was sent in the event of any future dispute. The other party should then sign and confirm the terms of the letter. While it may not be necessary in all cases for the receiving party to sign and confirm the terms of the letter (it would depend on the terms and conditions specified in the agreement between them) acceptance by the other party creates a legally binding document on both parties.

 

Applicable law

Issues concerning agreements and their termination are typically governed by the Indian Contract Act of 1872. This Act also includes clauses addressing compensation for any loss or damage resulting from a contract breach, which would adhere to the terms specified in the agreement concerning its termination.

 

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