A business agreement is entered between two or more business organisations, collectively agreeing to the desired terms and conditions. When either of the parties wishes to cancel the agreement, they may inform the others by writing a business agreement cancellation letter. These types of letters must mention the reason for cancelation and other needed details. A sample letter is given below for reference.
Sample Business Agreement Cancellation Letter
Fortune Business Company
17th June 2014
Subject: Business agreement cancellation letter
I, Joseph Martin, manager of Glow Business Company, am writing this letter in reference to the business agreement that was formed as on 16th March 2012, regarding the supply of computer parts, hardware and accessories by your company. I am writing this letter to inform you about our decision to cancel the business agreement with your company.
Since past few months, we have been complaining about your poor business ethics, delayed in supply of the products and lack of professionalism but no response from your side. Majority of the computer parts that you have delivered to us are faulty and fake. Also, the prices at which you are billing the products to our organisation are available at cheaper prices in the open market. We are also getting complaints from our customers and have thus decided to cancel the business agreement with you.
I request you to kindly sign the enclosed cancellation document and return the same at your earliest convenience. If you wish to speak to us, feel free to call on 4939303.
Glow Business Company