Format for Termination for convenience

Registered A.D.

 

 

Date____________

 

To,

<Company Name>

<Address, as per the Agreement>

 

 

Kind Attn: _________________(Name as per the Agreement with Designation)

 

Subject: Notice of Termination for convenience of <Title of the agreement>Agreement dated ______________ (“said Agreement”) executed between _<client>______________ and “Service Provider”). 

 

Dear Sir/Madam,

 

 

We, hereby terminate for convenience the said Agreement as per the clause ## by giving 90 days notice period in accordance with the terms of the said Agreement.

 

We request you, in compliance to the clause no. ## captioned as “Effect of Termination”, to return us all the confidential information, in possession/under control, including the Source Code, Software Materials, Software Documentation, or any other confidential and proprietary information associated therewith or extracted there from and certify that all such confidential information is either returned &/or have been expunged by sending the certificate duly signed by the authorized signatory of this Agreement or any authorized personnel.

 

Upon expiry of the above notice period, the said Agreement shall stand automatically terminated and we, thereafter, shall have no obligations of whatsoever nature towards the compliance / performance of the said Agreement. We shall not be liable for any claims /damages / penalty for whatsoever reason or nature arising out of the said Agreement or otherwise prior to the termination.

 

We, further, request you to clear all the dues up till the notice period, on or before expiry of the notice period.

 

Thanking you,         

Yours faithfully,     

 

For XXXXXXXXX Limited

 

 

____________________

Authorized Signatory 

 

P.S. Copy of this Notice of Termination is marked to the __________Bank, to hand over the source code to Service Provider immediately on the expiry of the above said notice period.