Document background
The Business Relationship Termination Letter is a crucial document used in Nigerian business contexts when one party wishes to formally end a commercial relationship with another. This document is essential in situations where existing business arrangements need to be concluded in a professional and legally compliant manner. It must align with Nigerian contract law and commercial regulations, particularly the Companies and Allied Matters Act (CAMA) 2020 and relevant commercial laws. The letter typically includes key information such as the effective termination date, reasons for termination (if appropriate), transition arrangements, outstanding obligations, and post-termination requirements. It serves as an official record of the relationship's conclusion and helps prevent future disputes by clearly documenting the termination terms.
