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Termination Of Contract By Mutual Consent Letter
"I need a Termination Of Contract By Mutual Consent Letter to end a software development agreement with ABC Technologies Ltd, with an effective termination date of March 15, 2025, including provisions for the return of source code and settlement of final milestone payment."
1. Date: Current date of the termination letter
2. Parties' Details: Full names and addresses of both parties
3. Original Contract Reference: Details of the contract being terminated including date and subject matter
4. Termination Statement: Clear statement of mutual agreement to terminate
5. Effective Date: Specific date when termination takes effect
6. Signature Blocks: Space for both parties to sign and date
1. Outstanding Obligations: List of any remaining obligations to be fulfilled before or after termination
2. Financial Settlement: Details of any final payments or financial arrangements between the parties
3. Confidentiality: Statement regarding ongoing confidentiality obligations post-termination
4. Return of Property: Requirements for returning any property or materials between parties
1. Schedule of Outstanding Payments: Detailed list of any remaining payments to be made between the parties
2. Asset Return List: Inventory of items to be returned by either party
3. Original Contract: Copy of the original contract being terminated attached as reference
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