A notice of termination formally ends the obligations of the parties in a contract. A notice for non-renewal is sent when the contract is about expire and a party does not intend to renew it with the other party.
This template a standard non-renewal notice for terminating a service agreement between two parties upon expiration of the contract.
The notice for non-renewal is issued by the party receiving the Services highlighting the effective date for termination and reasons for termination.
This letter should be used by the Customer to notify the Service Provider of its decision to not to renew the contract for services.
The expiry date and the reasons for terminating the agreement must be stated in the letter. The effective date of termination is the same as the expiry date of the contract.
The notice should be printed and signed by the customer. It can be sent to the services provider by e-mail or registered mail.
There is no one piece of legislation governing the termination of the contract for services and the general rules of the contract apply to them.
What to do if I want to terminate a contract?
Most agreements include a termination clause that set out the scenarios in which the parties can terminate the contract. Therefore, If you want to terminate a contract then read your agreement (especially the termination clause) to understand:
Thereafter, you can send the notice for termination to the other party setting the reasons for termination and the end date of the contract.
Do I need a lawyer to terminate a contract?
To terminate a contract, you do not need a lawyer necessary to draft/send the notice of termination.
You can send a notice for termination to the other party. However, you may consult your lawyer to understand the applicable notice period for termination and your rights / potential liabilities that may arise out of contract termination.
What happens after a contract is terminated?
The parties to the contract will not have any obligations towards each other after the termination of the contract. However, the terms of the contract need to be reviewed to understand the potential liabilities of the parties arising out of such contract termination.
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