What Is an Agreement Termination Letter?

What Is an Agreement Termination Letter?

An agreement termination letter is a letter in which one party notifies the other party of the termination of their contract, according to the Rocket Lawyer website. The letter should specify the reasons based on the cancellation terms outlined in the original contract.

An agreement termination letter works as the formal written notice of the end of a contract, and it should explicitly state the reasons for the cancellation, as well as the effective end date, says Rocket Lawyer. The agreement termination letter should also contain any other relevant information, such as how unpaid funds will be resolved or severance package information.