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How to terminate a contract

Dear [Employee/Contractor],

I am writing to inform you that [Company] will be terminating our contract effective [date of contract termination].

I understand that this may come as a surprise to you, and I apologize for any inconvenience this may cause. However, after careful consideration, we have determined that it is in the best interests of both parties to terminate the contract.

We appreciate the work you have done for [Company] and the contributions you have made to our team. We wish you the best of luck in your future endeavors.

[Your Name]


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