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Contract Termination Wording is essential for businesses operating in New Zealand who need to formally end contractual relationships. This document type is specifically designed to comply with New Zealand contract law, including the Contract and Commercial Law Act 2017 and related legislation. It should be used when a party needs to formally terminate a contract, whether due to breach, expiry, mutual agreement, or other grounds specified in the original contract. The wording includes critical elements such as termination grounds, effective dates, outstanding obligations, and post-termination requirements. This document type is particularly important as improper termination can lead to legal disputes and potential liability.

1. Letterhead and Date: Full business details of the terminating party, including registered address and contact information, and the current date

2. Recipient Details: Full name and address of the recipient party, including registered business address if applicable

3. Reference Line: Clear reference to the original contract including its title, parties, and date of execution

4. Notice of Termination: Clear and unambiguous statement that this is a notice of contract termination

5. Legal Basis for Termination: Specific clause or legal ground being relied upon for termination, referencing the original contract or applicable law

6. Effective Date: Clear statement of when the termination takes effect, considering any notice periods required under the contract

7. Outstanding Obligations: Summary of any outstanding payments, deliverables, or obligations that need to be fulfilled

8. Return of Property: Requirements for returning any property, documents, or confidential information

9. Signature Block: Space for authorized signature, including name and position of signatory