How To Draw Up A Notice Of Termination Of The Contract

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How To Draw Up A Notice Of Termination Of The Contract
How To Draw Up A Notice Of Termination Of The Contract

Video: How To Draw Up A Notice Of Termination Of The Contract

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Video: How to Terminate a Contract? 2023, January
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The conclusion of an agreement between business entities implies mutually beneficial cooperation. The absence of such a result for one of the parties, due to a violation of the terms of the contract by the partner or the impossibility of their execution, force a decision to terminate it. In this case, the counterparty is informed through a notification of the termination of the contractual relationship unilaterally.

How to draw up a notice of termination of the contract
How to draw up a notice of termination of the contract

Instructions

Step 1

Draw up a notice of termination of the contract in any form, since there is no unified form for such a document. Only the procedure for refusal to fulfill the terms of the agreement unilaterally Article 782 of the Civil Code of the Russian Federation has been determined. Therefore, pay special attention to the content of your message. Before you start typing on a computer, make sure that the wording you have prepared is legally correct. In this case, we are talking about the phrase "unilateral termination of the contract." It would be correct to formulate it as "unilateral refusal to fulfill the contract." It is this definition that is suitable for terminating a contract without a trial.

Step 2

First, write the name of the document "Notification" in the upper center of the sheet. Next, place an explanation of the essence of the message "on unilateral refusal to perform the contract." Start the introductory part by indicating the initial details of the parties to the agreement. For your organization, write TIN, KPP, name, legal and actual address, contact numbers, bank details. Next, provide the details of the counterparty, the recipient of your notification. Write "Director", the name of the company, his last name, first name and patronymic.

Step 3

In the substantive part of the notification, be sure to indicate the contract to be terminated (its number, the name of the enterprises of the parties to the transaction, the date and place of signing). In doing so, refer to the clause of the agreement, which describes the procedure for its termination. This information should serve as confirmation of your right to early termination of the contract. Further, referring to the specific terms of the agreement (with the citation of points), describe the non-compliance with the terms of the transaction, committed by your partner. Now let us know your proposed termination procedure and indicate the date of termination of the contract.

Step 4

In conclusion, list the requirements that you put forward to the counterparty, tell the date of their implementation. Leave a place for the signature of the head of your company, indicate his position, decipher the signature in brackets. Seal the notification with your organisation's seal.

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