Notice to Terminate Commercial Contract

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The parties should check the existing contract, in order to confirm which jurisdiction it is governed by. The contract will typically contain clauses which confirm its governing law and jurisdiction.



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________

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SENT VIA POST

________

Dear ________

NOTICE TO TERMINATE CONTRACT - BREACH OF CONTRACT

(1). This notice is sent for the attention of: ________ (referred to hereafter as 'you', 'your' etc.).

(2). This notice is sent by us (________) in respect of the contract to which we are both parties dated ________ (the Contract). The Contract provides for:

________

(3). Attached at Schedule 1 is a copy of the Contract for your reference.

(4). Please note that all terms used within this notice have the same meaning and interpretations as defined within the Contract.


Breach to the Contract

(5). This notice is sent further to the breach notice dated ________. A further copy of that breach notice is attached at Schedule 2 for your ease of reference.

(6). We shall not repeat the contents of the breach notice however in summary you were made aware within that notice:

(a). that you are in breach of the Contract by failing to pay the total sum of £________ (________) which was due to us in accordance with the payment terms contained at: ________ (________);

(b). of the remedy required and that such remedy must be provided by no later than ________; AND

(c). that we would have a contractual right to terminate the Contract in the event that no remedy to the breach was provided within the above timeframe;

(7). You have failed to remedy the breach of the Contract within the required timeframe.


Termination of the Contract

(8). Please therefore take notice that we are exercising our right to terminate the Contract in accordance with clause: ________.

(9). In accordance with the above clause, we are required to provide ________ days written notice to you.

(10). The Contract shall therefore terminate after a period of ________ days from the date of this notice.


Claim for Debt Owed and Associated Losses

(11). In exercising our right to terminate the Contract, we reserve all our rights and remedies in relation to your breach of the payment terms and any losses.

(12). Accordingly, in relation to this point, please take note that we seek full payment in respect of the debt plus interest which has accrued in accordance with: ________.

(13). The rate of interest is: ________.

(14). Interest has accrued on the debt from ________. At the date of this notice (________) the total interest on the debt is: £________ (________). Please take notice that interest will continue to accrue until the outstanding debt is paid in full.

(15). Furthermore, we require damages for all losses we have suffered as a result of the termination and the breach. We will write to you with the full details of this and, in the absence of any agreement, we intend to initiate the relevant Pre-Action Protocol before legal proceedings are instigated. Any court claim shall include a claim for costs.


5258882 22 2588 822882

(________). 5588 222882 88 8222 885 ________ 82 5882555282 8825 252 528585222228 22 252 82225582, 58 2528858825 82 885582: ________.

(________). 282582 58222882522 5282822 22 2588 222882.

(16). SIGNED:


_________________________

________ (________)

FOR AND ON BEHALF OF ________ (A COMPANY)

SCHEDULE 1

A copy of the Contract dated ________ is to be attached in the space below:

SCHEDULE 2

A copy of the breach notice dated ________ is to be attached in the space below:

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in progress

________

________

________

________


SENT VIA POST

________

Dear ________

NOTICE TO TERMINATE CONTRACT - BREACH OF CONTRACT

(1). This notice is sent for the attention of: ________ (referred to hereafter as 'you', 'your' etc.).

(2). This notice is sent by us (________) in respect of the contract to which we are both parties dated ________ (the Contract). The Contract provides for:

________

(3). Attached at Schedule 1 is a copy of the Contract for your reference.

(4). Please note that all terms used within this notice have the same meaning and interpretations as defined within the Contract.


Breach to the Contract

(5). This notice is sent further to the breach notice dated ________. A further copy of that breach notice is attached at Schedule 2 for your ease of reference.

(6). We shall not repeat the contents of the breach notice however in summary you were made aware within that notice:

(a). that you are in breach of the Contract by failing to pay the total sum of £________ (________) which was due to us in accordance with the payment terms contained at: ________ (________);

(b). of the remedy required and that such remedy must be provided by no later than ________; AND

(c). that we would have a contractual right to terminate the Contract in the event that no remedy to the breach was provided within the above timeframe;

(7). You have failed to remedy the breach of the Contract within the required timeframe.


Termination of the Contract

(8). Please therefore take notice that we are exercising our right to terminate the Contract in accordance with clause: ________.

(9). In accordance with the above clause, we are required to provide ________ days written notice to you.

(10). The Contract shall therefore terminate after a period of ________ days from the date of this notice.


Claim for Debt Owed and Associated Losses

(11). In exercising our right to terminate the Contract, we reserve all our rights and remedies in relation to your breach of the payment terms and any losses.

(12). Accordingly, in relation to this point, please take note that we seek full payment in respect of the debt plus interest which has accrued in accordance with: ________.

(13). The rate of interest is: ________.

(14). Interest has accrued on the debt from ________. At the date of this notice (________) the total interest on the debt is: £________ (________). Please take notice that interest will continue to accrue until the outstanding debt is paid in full.

(15). Furthermore, we require damages for all losses we have suffered as a result of the termination and the breach. We will write to you with the full details of this and, in the absence of any agreement, we intend to initiate the relevant Pre-Action Protocol before legal proceedings are instigated. Any court claim shall include a claim for costs.


5258882 22 2588 822882

(________). 5588 222882 88 8222 885 ________ 82 5882555282 8825 252 528585222228 22 252 82225582, 58 2528858825 82 885582: ________.

(________). 282582 58222882522 5282822 22 2588 222882.

(16). SIGNED:


_________________________

________ (________)

FOR AND ON BEHALF OF ________ (A COMPANY)

SCHEDULE 1

A copy of the Contract dated ________ is to be attached in the space below:

SCHEDULE 2

A copy of the breach notice dated ________ is to be attached in the space below: