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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."
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
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
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
Contract Identification
Confirmation of Expiry Date
Notice Period Compliance
Transition Arrangements
Outstanding Obligations
Post-Termination Obligations
Confidentiality
Return of Property
Intellectual Property
Final Payment Terms
Surviving Provisions
Contact Information
Acknowledgment Request
Professional Services
Information Technology
Real Estate
Manufacturing
Retail
Construction
Healthcare
Education
Financial Services
Telecommunications
Logistics
Consulting
Property Management
Legal Services
Legal
Procurement
Operations
Finance
Compliance
Administration
Contract Management
Commercial
Business Development
Vendor Management
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
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