| What can a person who has entered into a | | | | These terms and conditions stated in the |
| business relationship do if he/she wishes to end it? | | | | termination clause of the business agreement |
| Does he/she have an option to terminate it? Or | | | | protect both parties especially when one owes |
| he/she is better off continuing the relationship and | | | | money/financial matters to the other party. It's |
| the business transactions without giving his/her | | | | also an opportunity of the party left in the |
| best efforts? | | | | business to smoothly handle things in the business |
| A person who wants to go out should be freed. | | | | despite of the agreement's dissolution. |
| If he/she continues to stay in an endeavor, he | | | | To cite a clear-cut example, let's take the |
| she may not be fully dedicated to do the tasks or | | | | contract termination clause that's incorporated in |
| his share in the business. He/she may not | | | | the lease agreement. The contract termination |
| persevere the way he/she used to before. So, | | | | clause clearly states the possible reasons that |
| letting him/her go or freeing him from the | | | | landlords can readily evict his/her tenants. These |
| business relationship is a much better idea. | | | | reasons could range excessive disturbance to |
| A Contract Termination Letter is the right answer | | | | neighbors, damage to the property, or conducting |
| or solution to this dilemma. It is a document that | | | | illegal business on the premises. On the tenant's |
| clearly states the terms and conditions under | | | | side, the same clause may also include provisions |
| which a person proposes to disband an existing | | | | where the tenant has the right to end the |
| business relationship. These terms and conditions | | | | contract with a 30-day notice. If ever, the tenant |
| have already been agreed by both parties even | | | | has requested some repairs and the landlord has |
| before they entered into their business | | | | failed to get it fixed, the tenant now has an |
| relationship. Upon agreement, they declared these | | | | effective ground for terminating the lease |
| terms and conditions into writing and affix their | | | | agreement. |
| signatures in a legal form or business agreement. | | | | These two examples clearly show that the |
| This way, when any of the two parties wishes to | | | | interest of both parties are served or protected |
| end or terminate his/her partnership, any of them | | | | by the contract termination clause. |
| will no longer be surprised. | | | | Based on the above-mentioned example, if the |
| Business relationships may be entered into but not | | | | landlord has not answered to the tenant's |
| limited to vendors, independent contractors, | | | | requests or complaints, the tenant's contract |
| landlords, construction companies, or employees. | | | | termination letter affirms the facts, dates and his |
| When any of the two parties thinks that it's | | | | reasons for vacating the premises. The letter |
| already necessary to put an end to the business | | | | should also include the date when the vacancy will |
| agreement, he/she/they come up with the | | | | be effective. |
| Contract Termination letters. | | | | If the tenant damages the property, the landlord's |
| At the beginning of a business relationship, the | | | | letter would while the landlord's letter would clearly |
| termination clauses of the business agreement | | | | mention the tenant's violations of the terms and |
| stipulates essential information such as the names | | | | conditions in the agreement. It should also include |
| of the parties who have the authority to end the | | | | the date when the eviction will be effective. |
| relationship, all the terms and conditions under | | | | The contract termination letter also gives the |
| which the agreement may be ended, and what | | | | both parties the chance or opportunity to talk |
| steps must be taken by either party to end the | | | | things out when disputes or grievances are |
| agreement. Aside from this, the time intervals | | | | fundamental to one's decisions of terminating the |
| between the dates of notice of intention to | | | | agreement. Disagreements may arise and lead to |
| terminate until the effect of the termination as | | | | lawsuits. But the contract termination letter avoids |
| well as the communication channels that the | | | | this in a way as both parties are given equal |
| parties may employ after the termination is | | | | chance to explain their sides regarding the |
| effective. | | | | necessity for termination before going to court. |