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Notice Of Cancellation
I need to draft a Notice of Cancellation for our IT service contract with TechServe Solutions, with the cancellation to take effect on March 1, 2025, including provisions for a 2-month transition period and the return of company hardware.
1. Sender Details: Full name, address, and contact information of the party issuing the cancellation notice
2. Recipient Details: Full name, address, and contact information of the party receiving the cancellation notice
3. Date: The date on which the cancellation notice is issued
4. Contract Reference: Clear identification of the contract being cancelled, including original contract date and reference numbers
5. Cancellation Statement: Clear and unambiguous statement of intention to cancel the contract
6. Effective Date: Specification of when the cancellation will take effect, considering any contractual notice periods
7. Legal Basis: Reference to the relevant contractual clause or legal right being exercised for the cancellation
8. Signature: Signature of authorized representative with name and title
1. Outstanding Obligations: Used when there are remaining payments, services, or obligations to be addressed before the cancellation takes effect
2. Return of Property: Include when there are physical items, documents, or data that need to be returned
3. Transition Arrangements: Used when specific arrangements are needed for smooth transition or handover
4. Final Invoice Request: Include when requesting final billing or settlement of accounts
5. Confidentiality Reminder: Used to remind parties of ongoing confidentiality obligations that survive cancellation
1. Copy of Original Contract: Attachment of the contract being cancelled for reference
2. Payment Reconciliation: Schedule showing any outstanding payments or credits
3. Handover Schedule: Timeline and details for any transition or handover activities
4. Asset Register: List of any assets or materials to be returned or transferred
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