The Notification of Contract Termination is a crucial business document used in New Zealand when one party wishes to formally end a contractual relationship. This document is essential for compliance with New Zealand contract law, particularly the Contract and Commercial Law Act 2017, and may be used in various situations including scheduled contract completion, early termination by agreement, or termination due to breach. The notice should clearly identify the parties, reference the original contract, specify the termination date, and ensure compliance with contractual notice periods. It may also address outstanding obligations, transition arrangements, and continuing obligations post-termination. This document is particularly important for maintaining clear business records and protecting legal rights while ensuring proper communication between parties in the termination process.
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1. Sender Details: Full legal name and address of the party giving notice of termination
2. Recipient Details: Full legal name and address of the party receiving the termination notice
3. Date: The date on which the notice is being issued
4. Contract Reference: Clear identification of the contract being terminated, including original contract date and reference number
5. Termination Statement: Clear and unambiguous statement of intention to terminate the contract
6. Effective Date: Specific date when the termination will take effect
7. Notice Period Reference: Reference to the relevant notice period as per the original contract
8. Signature Block: Space for authorized signature, name, and position of the sender
1. Grounds for Termination: Required when termination is due to breach or specific contractual grounds
2. Outstanding Obligations: List of any remaining obligations or payments that need to be fulfilled
3. Return of Property: Instructions regarding return of any property, documents, or materials
4. Confidentiality Reminder: Reminder of continuing confidentiality obligations post-termination
5. Dispute Resolution: Reference to dispute resolution procedures if termination is contested
6. Transition Arrangements: Details of any handover or transition requirements
7. Survival Clauses: Reference to contract provisions that survive termination
1. Schedule of Outstanding Matters: Detailed list of pending items, payments, or obligations to be addressed
2. Evidence of Breach: Documentation of contract breaches if termination is breach-based
3. Handover Schedule: Timeline and requirements for transition of services or materials
4. Property Inventory: List of items to be returned or transferred between parties
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