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Termination Of Management Agreement Letter
"I need a Termination Of Management Agreement Letter to end our hotel management contract with Global Hotels Ltd due to poor performance, with immediate effect but allowing for a 30-day handover period starting March 1, 2025."
1. Date: Current date of the termination letter
2. Addressee Details: Full name and address of the management company/individual being addressed
3. Reference Line: Reference to the original Management Agreement including date and parties
4. Notice of Termination: Clear statement of termination and effective date of termination
5. Basis for Termination: Statement of the grounds or reason for termination
6. Notice Period: Confirmation of compliance with contractual notice period requirements
7. Closing: Standard letter closing, signature block and company details
1. Transition Arrangements: Details of the handover process and timeline for transition of management responsibilities
2. Outstanding Payments: Details of any final payments, settlements or financial reconciliation required
3. Confidentiality Obligations: Reminder of ongoing confidentiality obligations post-termination
4. Return of Property: Instructions regarding return of company property, documents, and materials
5. Post-Termination Restrictions: Reminder of any post-termination restrictions or continuing obligations
1. Statement of Outstanding Matters: Detailed list of pending items requiring attention before termination takes effect
2. Final Account Statement: Summary of financial position and any outstanding payments at termination
3. Handover Checklist: Comprehensive list of items and responsibilities to be transferred
4. Copy of Original Management Agreement: Reference copy of the agreement being terminated
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