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Termination Of Business Relationship Letter
"I need a Termination Of Business Relationship Letter to end our software development agreement with TechCorp Solutions, including a 90-day transition period and provisions for the transfer of source code, with termination effective March 1, 2025."
1. Date and Addressing: Proper business letter format with current date and recipient's details
2. Reference to Original Agreement: Clear identification of the business relationship being terminated
3. Notice of Termination: Clear statement of termination and effective date
4. Reason for Termination: Brief explanation if appropriate
5. Outstanding Obligations: Summary of any remaining duties or payments
1. Transition Arrangements: Details of handover process when complex operations need to be wound down
2. Confidentiality Reminder: Restatement of confidentiality obligations when sensitive information was shared
3. Return of Property: Instructions for returning any business property when physical or digital assets need to be returned
1. Payment Schedule: Details of final payments or settlement terms
2. Asset Register: List of items to be returned or transferred
3. Handover Timeline: Schedule for transitioning business activities
Authors
Effective Date
Reference to Original Agreement
Outstanding Obligations
Payment Terms
Return of Property
Confidentiality
Intellectual Property
Non-Solicitation
Non-Compete
Data Protection
Transition Arrangements
Governing Law
Final Settlement
Further Assurance
Acknowledgment
Contact Details
Dispute Resolution
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