________
________
Date: ________
Dear ________,
Sub: Termination of the agreement: ________ dated ________
I refer to the following agreement: ________ dated ________ ("Agreement") entered into between ________ and ________.
1. The arrangement between ________ and ________ under the Agreement, for the following:
________
shall stand terminated with effect from ________.
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________
3.You were given a Notice to remedy the breach on ________. and the breach was to be rectified by ________. However, you failed to rectify the breach by ________. Accordingly, the Agreement shall stand terminated with effect from ________ and you shall be no longer required to perform any services under the Agreement.
4. An amount of Rs. ________ (________) is due to be paid by ________ to ________. The said amount shall be paid by ________ to ________ within a period of: ________ from the date of this Notice.
5. The amount of Rs. ________ (________) to be paid by ________ to ________ shall be full and final settlement of all dues and outstandings and no further amounts shall be payable under the Agreement.
6. Each of ________ and ________ hereby agree that the Dispute Resolution provisions contained in the Agreement shall mutatis mutandis apply herein.
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Sincerely,
________
Accepted:
For and on behalf of ________