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A Notice for Non-Renewal of Contract is a document through which one party permanently ends a contractual relationship with another party. These documents are used in situations where the parties have entered a contract which may have a "rolling" renewal - in other words, an assumed or automatic renewal. This document will allow the party wishing to terminate the relationship to send an official notice.
Many times, in business relationships, parties will have fixed contract terms that are expected to renew. The only way to ensure that the contract doesn't renew is to send this kind of written notification.
How to use this document
This document should be used when any party wants to send a notice that they do not intend to renew their contract with another party. Specifically, this document should be used when the parties have entered a fixed-term contract - in other words, a contract that has a fixed and specified termination, and one of the parties intends to allow that termination to become permanent.
In this document, the form filler will be able to enter pertinent identifying details of each of the parties, as well as, if desired, a reason for the non-renewal.
When this agreement is filled out, it should be either printed and signed to send or electronically signed to send. Then, it is a best practice for the sender to retain a copy.
Notices of contract non-renewal are not subject to any specific laws, but will be subject to the terms of the original agreement, in terms of how the notice must be sent, how much time is needed, and perhaps additional factors.
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