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Business Relationship Termination Letter
"I need a Business Relationship Termination Letter to end our software development partnership with TechCorp Asia Ltd, with a 60-day notice period starting from March 1, 2025, including provisions for the transfer of source code and ongoing maintenance obligations."
1. Date and Address Block: Formal business letter format with current date, recipient's name, title, company name and complete address details
2. Reference Line: Clear reference to the original agreement or business relationship being terminated, including date and parties involved
3. Notice of Termination: Formal statement declaring the termination and specifying the effective termination date
4. Basis for Termination: Reference to relevant termination clause from original agreement and/or reason for termination if appropriate
5. Outstanding Obligations: Summary of any pending payments, deliverables, or mutual obligations that need to be fulfilled
6. Return of Property: Instructions regarding the return or transfer of any physical or digital assets, documents, or property
7. Closing Statement: Professional closing with signature block including full name, title, and company details
1. Transition Arrangements: Details of handover process and timeline, used when complex operational transition is needed
2. Future Communication Protocol: Guidelines for any continued communication or relationship, used when ongoing limited contact is necessary
3. Confidentiality Reminder: Restatement of ongoing confidentiality obligations, used when sensitive information has been shared
4. Non-Compete/Non-Solicitation Reminder: Reminder of post-termination restrictions, used when original agreement contains such clauses
5. Dispute Resolution: Reference to dispute resolution procedures, used when there are unresolved issues or high risk of disputes
1. Outstanding Account Statement: Detailed summary of financial positions and pending payments between parties
2. Asset Transfer Schedule: Comprehensive list of physical and digital assets to be returned or transferred
3. Transition Timeline: Detailed schedule of key dates and milestones for relationship wind-down
4. Final Deliverables List: List of any remaining deliverables or services to be completed before termination
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