Sample Termination Letter

To,

104 Main Street,
Philip hens
Date:-

The recent price increase on the materials we purchase from your company has caused us to look for another source for these materials. We have found another supplier who is able to fill our needs at a lower price; therefore, we are terminating our current contract with you, effective May 1. We have made this decision in light of the highly competitive nature of our business and the need to keep costs as low as possible. We have appreciated the cordial business relationship we have shared with you and wish your company continued success.

Regards,
Sarvesh

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