The letter of termination

In today's market economy, business entities need to have a flexible pricing policy and analyze the ever-changing market conditions.In practice, very often there are situations when an agreement designed earlier, over time it becomes unprofitable for the organization and require revision.As a rule, the contract includes the ways in which to be made the necessary changes.But the organization that initiated the change, must notify your contractor.To do this it can during the term of the agreement by sending a letter of cancellation of the contract.This right is enshrined in Article 450 of the Civil Code.

letter of termination, a sample of which can be found on the Internet, issued on the letterhead of the organization, and in case of his absence on a standard A4 sheet.At the beginning of the document specifies the details of the two parties are contracting.This data is processed according to the rules of office.Details should reflect the information specified in the contract, which is subject to cancellation.

title of the document in such situations is not reflected.The text should immediately be supplied to the essence of the message.For example, of the "author" notice of cancellation of the contract.After that, the number of the agreement and the date when it was signed.Next, you need to specify the reasons that led to the decision to terminate the contract.These include:

- failure to comply with the provisions of the agreement;

- untimely transfer of funds.

The letter of termination must also contain the method and procedure for termination of prisoners relations.The final part specifies the date from which the agreement will be considered null and void, and the obligations of the parties are terminated.

letter of termination is fixed signature of the head of a business entity or person who authorized it.It is mandatory must be specified its position and full nameThe signature stamp of the organization.The document must be registered under the reference number in full accordance with the provisions of the paperwork, which was adopted in the enterprise.The letter sent to the destination e-mail notification.In case of refusal from possible claims, receipts you need to save.

Single sample letter of termination has not been developed by the legislative acts.Therefore, every company makes it arbitrary, pointing to the text of the relevant information.

The letter of termination must indicate the term that is given a second side of the transaction for an answer.If a positive decision of the counterparty, the agreement is considered invalid from the moment of receiving a letter from him.If the answer is in this period did not, or the other party does not wish to interrupt the contractual relationship, the termination of the transaction concerned in the organization has the right to submit all the necessary documents to the court.

Grounds for termination can be specified as a condition in its drafting.For example, Article 523 (paragraph 2) of the Civil Code contains provisions that breach of the obligations of a party recognized as essential.This can occur when:

- sale of goods does not match the quality disadvantages which are not eliminated in the period that suits the direction of the buyer;

- violation of the terms of delivery or payment of products, as well as the failure to select goods twice or more.

Thus the aggrieved party has the right to demand compensation for damages incurred.

When drawing up the contract counterparties may also consider other cases on the basis of which the contract may be terminated.