An agreement cancellation letter is a formal letter to notify your business partner/associate about the cancellation of some agreement. They are typically written by the business organizations who find that the arrangements are no longer useful to their business needs.
A profession written agreement cancellation letter serves you as a dual benefit. It not only makes the communication more formal but also helps you maintain a record of the communication between you and the concerned party. In case of any legal hassle it will also help you as a written proof of your communication about the cancellation of an agreement.
There may be variety of reasons for the cancellation of the agreement but you should know how to handle it appropriately.
Sample Agreement Cancellation Letter
From
Mr. Marvel Vick
Manager Construction
Zebus Builders and Contractors
7, Trading Towers
Bloomington 70099
To
Mr. Gleam Smith
Dealer and Supplier
T& T Dealer and Supplier
76, Kite Square
Bloomington 75788
Date: 27 May, 2014
Subject: Agreement Cancellation of Agreement
Dear Mr. Smith,
This letter is to notify you about the cancellation of the agreement between Zebus Builders and Contractors and T& T Dealer and Supplier for the iron construction material with immediate effect. This cancellation is due to the late supply of your construction material.
As we have already mentioned in the agreement that the delivery date of every order should be within the next 15 days from the order placed. I would like to inform you that you never make the consignment on time. The last order we placed on 11 January is still pending. You shall be completely aware of the fact that, the agreement had the cancellation clause on the ground of inferior quality and late delivery of iron construction material.
Zebus Builder and Contractor have decided to cancel the agreement with T& T Dealer and Supplier. This cancellation has been done on the grounds of late delivery of the construction material which has been provided from your firm. Your written acceptance of the agreement letter is anticipated within five days.
Thank you.
Yours sincerely,
Marvel Vick
Manager Construction
Zebus Builders and Contractors
How to write a Letter of Agreement