The Notification of End of Contract is a crucial legal document used in Indian business contexts to formally communicate the termination of a contractual relationship. It is typically used when one party wishes to end a contract in accordance with the termination provisions specified in the original agreement or as permitted by Indian contract law. This document should include essential details such as contract reference information, effective termination date, and any pending obligations. It serves multiple purposes including legal compliance, record-keeping, and maintaining professional relationships. The notification must comply with Indian Contract Act, 1872 requirements and any specific industry regulations applicable to the contract being terminated. It's particularly important in business relationships where clear documentation of contract termination is necessary for legal and operational purposes.
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1. Sender Details: Full name, designation, and address of the party sending the notification
2. Recipient Details: Full name, designation, and address of the party receiving the notification
3. Date: Date of the notification
4. Subject Line: Clear reference to contract termination and original contract details
5. Contract Reference: Details of the original contract including date, parties involved, and contract reference number
6. Termination Statement: Clear statement of intent to terminate the contract and the effective date
7. Legal Basis: Reference to the specific clause or legal basis for termination
8. Closing Statement: Formal closing with signature block and contact information
1. Reason for Termination: Include when it's necessary or beneficial to explain the reasoning behind the contract termination
2. Outstanding Obligations: List of any pending duties, payments, or obligations that need to be fulfilled by either party
3. Transition Arrangements: Details of any handover process or transition period, if applicable
4. Confidentiality Reminder: Reference to ongoing confidentiality obligations that survive contract termination
5. Return of Property: Instructions regarding the return of any properties, documents, or materials, if applicable
6. Future Communication: Guidelines for any future communication or points of contact post-termination
1. Schedule A - Outstanding Payments: Detailed list of any pending payments or financial settlements
2. Schedule B - Asset Register: List of any assets or properties to be returned or transferred
3. Appendix 1 - Original Contract Reference: Copy or extract of relevant termination clauses from the original contract
4. Appendix 2 - Handover Checklist: Detailed checklist of items to be handled during the transition period
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Retail
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Healthcare
Education
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Relevant Teams
Legal
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Account Management
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Account Manager
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