������Ƶ

The Acknowledgement Letter For Termination of Contract is a crucial document used in Philippine business and legal practice when parties need to formally document the end of a contractual relationship. It serves as official evidence that both parties have agreed to terminate their existing contract and understand the implications of this termination. This document is particularly important in the Philippine legal context, where written documentation of contractual changes is essential under the Civil Code. The letter typically confirms the termination date, acknowledges completion or status of obligations, and may address any post-termination responsibilities. It's commonly used in various scenarios including employment contracts, service agreements, supplier relationships, and other business arrangements where a clear record of contract termination is necessary for legal and administrative purposes.

1. Date and Address Block: Current date and complete address details of both parties

2. Subject Line: Clear reference to the original contract and its termination

3. Contract Details: Identification of the original contract including date, parties, and subject matter

4. Termination Details: Specific date of termination and reference to the termination clause or mutual agreement

5. Acknowledgment Statement: Formal acknowledgment of the termination and its mutually agreed nature

6. Final Status: Confirmation that all obligations have been fulfilled or statement of remaining obligations

7. Closing and Signatures: Formal closing, space for signatures of authorized representatives of both parties