Letter Of Intent Not To Renew Contract Template for New Zealand

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Key Requirements PROMPT example:

Letter Of Intent Not To Renew Contract

"I need a Letter of Intent Not to Renew Contract for our IT services provider agreement with TechServe Solutions, which needs to be delivered by March 1, 2025, to meet our 90-day notice requirement before the contract auto-renews."

Document background
The Letter of Intent Not to Renew Contract is a crucial business document used in New Zealand when a party wishes to formally communicate their decision not to continue a contractual relationship beyond its current term. This document is typically used when an existing contract has a renewal clause or option, and one party wishes to prevent automatic renewal by providing formal notice within the required timeframe. It must comply with New Zealand contract law and should be issued with sufficient notice as specified in the original contract. The letter serves multiple purposes: it provides clear documentation of the intent to end the contract, helps avoid automatic renewal clauses, maintains professional business relationships, and ensures legal compliance. It's particularly important in commercial relationships where clear communication and documentation of decisions affecting contractual relationships is essential.
Suggested Sections

1. Letterhead and Date: Company letterhead, current date, and reference number if applicable

2. Recipient Details: Full name, title, company name, and address of the recipient

3. Subject Line: Clear indication that this is a Notice of Intent Not to Renew Contract

4. Contract Reference: Specific details of the existing contract including contract name, reference number, and original execution date

5. Statement of Intent: Clear statement expressing the intention not to renew the contract

6. Current Contract End Date: Confirmation of when the current contract will expire

7. Notice Period Compliance: Confirmation that this notice complies with the notice period required in the original contract

8. Closing Actions: Any necessary actions required for contract closure or handover

9. Professional Closing: Standard business letter closing with signature block

Optional Sections

1. Reason for Non-Renewal: Include when it's beneficial to maintain good business relationships by explaining the decision, or when required by the original contract

2. Transition Arrangements: Include when there needs to be a handover process or specific arrangements for the end of the contract period

3. Future Relationship: Include when there's potential for future business relationships or when maintaining a positive relationship is important

4. Outstanding Obligations: Include when there are remaining payments, deliverables, or obligations that need to be addressed before contract end

5. Confidentiality Reminder: Include when the original contract contains confidentiality provisions that continue after contract termination

Suggested Schedules

1. Copy of Original Contract: Attach the original contract for reference, particularly highlighting the non-renewal clause

2. Transition Plan: If applicable, a detailed plan for handling the transition period

3. Outstanding Items List: If applicable, a list of any pending deliverables, payments, or obligations

4. Asset Return Schedule: If applicable, a list of any company assets, documents, or materials that need to be returned

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Professional Services

Information Technology

Real Estate

Manufacturing

Retail

Construction

Healthcare

Education

Financial Services

Telecommunications

Logistics

Consulting

Property Management

Legal Services

Relevant Teams

Legal

Procurement

Operations

Finance

Compliance

Administration

Contract Management

Commercial

Business Development

Vendor Management

Relevant Roles

Contract Manager

Procurement Manager

Legal Counsel

Business Development Manager

Operations Manager

Project Manager

Account Manager

Commercial Director

Chief Financial Officer

Compliance Officer

Facility Manager

Vendor Relations Manager

Supply Chain Manager

Administrative Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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