As a businessman, you are always in contract with different suppliers, customers and suppliers. If some of these contracts involve oral communication, some of them will require legal agreements between the two or more parties. In any case, always remember that some contracts are not going well as planned and therefore need to be terminated. However, if you have decided to terminate a contract, always be sure to do so officially through a letter of official termination of the sales contract. This will not only sell your professionalism, but also maintain a positive relationship even after the termination of the contract. Sometimes, however, the agreement can be terminated for many reasons such as poor quality, disagreements between the parties or other reasons. This letter is written on the occurrence of such an event to inform the other party about it. That is why we need a full/partial refund of the funds spent in the original agreement. I have attached all the necessary documents to help with the cancellation. However, we will continue to make further purchases as long as you meet the delivery deadline. I also hope that you will meet the delivery requirements of the latter.
I hope that you will cooperate fully so that we need a transparent and effective legal formality. The letter of termination of the sales contract is signed by the buyer and seller with the termination of a sales contract. The purpose of the letter is to find that each party to the transaction undertakes to keep each other free of any claim that may arise from the terms of the sale agreement. In addition, the letter indicates where the deposit should be refunded and the amount will be released. Upon approval, the agent or third party (third party) holding the trust funds is required to return to the party indicated in the letter. In the economy, sometimes things do not work out the way we expect. They might end up in a contract, but finally, dissatisfied with the way the party delivers or sells its products/services.