What mostly causes a termination of contract? An individual or company may terminate a contract depending on many reasons, like breaching of terms, poor performance, malpractice, pandemics, or economic crisis, among many others. And even though terminating a contract may cause the loss of an employee or a project, it should be done to protect the interest of the aggrieved party. If you are in the process of terminating a very important contract, then you will need to notify the other party with a letter stating the immediate reason. To get the task done quickly, you can use a Formal Letter template from Template.net!
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