Letter Not To Renew Contract Template for Nigeria

The Letter Not To Renew Contract is a crucial business document used in Nigerian business practice when a party wishes to formally communicate their intention to end a contractual relationship at the end of its current term. This document is essential in situations where an existing contract contains automatic renewal provisions or where professional courtesy demands formal notification of non-renewal. It must comply with Nigerian contract law and any specific notice requirements outlined in the original agreement. The letter should be issued within the prescribed notice period, typically specified in the original contract, and should clearly reference the existing agreement, state the intention not to renew, and confirm the final date of the contract term. This type of document is particularly important in maintaining professional business relationships while ensuring legal compliance and clarity regarding the contract's conclusion.

1. Sender's Details: Full name, address, and contact information of the party sending the notice

2. Date: Current date when the letter is being sent

3. Recipient's Details: Full name, title, company name, and address of the recipient

4. Subject Line: Clear reference to the contract and intention not to renew

5. Contract Reference: Specific details of the existing contract including date, parties, and subject matter

6. Notice Statement: Clear statement of intention not to renew the contract

7. Notice Period Confirmation: Confirmation that the notice is being given within the required timeframe as per the contract

8. Final Performance Period: Clear statement of when the contract will end

9. Professional Closing: Courteous closing statement maintaining professional relationships

10. Signature Block: Space for signature, name, and title of the sender