Terminate Agency Agreement Letter
We believe that profound changes are underway to increase our sales. As part of these changes, we have chosen a new advertising agency that can offer a new perspective. Speed Athletic Shoe Co. will terminate its contract with The Image Factory from May 1. Please confirm receipt of this letter as termination of our contract and the conclusion of our account. If you have any questions, you can contact me at [phone] or [email address]. We regret not working together. If we decide to go back to printing and radio, we will certainly go to your agency. You need a starting point for a termination letter before terminating an agency relationship. Since this is a highly technical area, we believe it is in our interest to use an agency that specializes in online advertising. That is why, effective August 1, we will terminate our contract with Abeline Advertising.
This letter template is intended to assist in the drafting of the termination of a commercial contract with another company. It contains key elements to avoid misunderstanding and to end a partnership on consensual terms. Use the model to end the Agency`s transitional letter to send a letter to your existing agency partner informing them of the end of your relationship and the beginning of the transition process. From that point on, our company will no longer place orders with your company. We will not cancel any orders or delivery agreed upon prior to this letter, unless we expressly notify you. Ideally, all pending orders should be completed before our contract is officially terminated. We will delete our page all amounts of unpaid money in our account until [date]. To that end, we would like to receive all relevant invoices before [date]. Date letter for Terminate Agency Agreement Address Address City, State Zip The transition from one agency to another often begins with a termination letter sent by your organization to the existing agency.
This letter sets the wheels in motion for all the steps necessary to begin the transfer of assets, information and ownership of projects. I am sure you understand that the profitability of our business depends on the profitability of our sales during the holidays. We think that with another advertising agency, we could be more successful. We appreciate the work you have done for us, but we have decided not to renew our contract. Disclaimer: This model for business contract termination letters must contain general guidelines and should be used as a reference. It cannot take into account all relevant local, state or federal laws and is not a legal document.