Notice to Terminate Commercial Contract - Form Pro · UK-law
✓ Valid in United Kingdom · drafted to comply with local law
Create your Notice to Terminate Commercial Contract - Form for use in United Kingdom. Answer a few plain-English questions and the document fills in automatically as you go — then download it in Word and PDF, ready to sign or share. This version has been professionally rewritten to comply with local law.
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________
________
Company number: ________
________
________
Company number: ________
SENT BY: ________
________
Dear Sirs / ________
NOTICE TO TERMINATE CONTRACT – BREACH OF CONTRACT
1. Parties and Recipient of this Notice
1.1. This notice is given to and is sent for the attention of ________ (referred to in this notice as "you" or "your").
1.2. This notice is given by ________ (referred to in this notice as "we", "us" or "our").
1.3. This notice is given in respect of the contract entered into between us dated ________ (the "Contract"). The Contract provides for:
________
1.4. A copy of the Contract is attached at Schedule 1 for your reference.
1.5. Unless otherwise stated, all defined terms used in this notice have the same meaning as defined in the Contract, and any reference to a clause or schedule is a reference to a clause or schedule of the Contract unless the context otherwise requires.
2. The Breach of Contract
2.1. This notice is given further to our breach notice dated ________, a copy of which is attached at Schedule 2 for your ease of reference.
2.2. We shall not repeat the full contents of the breach notice. In summary, that notice made you aware:
2.2.1. that you are in material breach of the Contract by failing to pay the total sum of £________ (________) which was due to us in accordance with the payment terms contained at ________ (________);
2.2.2. of the remedy required, and that such remedy was to be provided by no later than ________; and
2.2.3. that we would have a contractual right to terminate the Contract in the event that the breach was not remedied within that timeframe.
2.3. You have failed to remedy the breach of the Contract within the required timeframe.
3. Termination of the Contract
3.1. Please therefore take notice that we are exercising our right to terminate the Contract in accordance with clause ________.
3.2. In accordance with that clause, we are required to give you ________ days written notice of termination.
3.3. The Contract shall accordingly terminate on the expiry of a period of ________ days from the date of service of this notice, with effect from ________.
4. Claim for Debt Owed and Associated Losses
4.1. In exercising our right to terminate the Contract, we reserve all of our rights and remedies in relation to your breach of the payment terms and any losses arising.
4.2. Accordingly, we seek full payment of the outstanding debt of £________, together with interest which has accrued in accordance with ________.
4.3. The applicable rate of interest is ________. Where the Contract does not provide a contractual rate, we reserve the right to claim interest and statutory compensation under the Late Payment of Commercial Debts (Interest) Act 1998, alternatively interest under section 35A of the Senior Courts Act 1981 or section 69 of the County Courts Act 1984.
4.4. Interest has accrued on the debt from ________. As at the date of this notice (________) the total interest accrued on the debt is £________ (________). Please take notice that interest will continue to accrue until the outstanding debt is paid in full.
4.5. Payment of the sums referred to above should be made within ________ days of the date of this notice to the following account: ________.
5. Service
5.1. This notice is given in accordance with the terms of the Contract and shall take effect from the date of service determined in accordance with the notices provisions of the Contract.
5.2. This notice is served at your registered office and/or last known address in accordance with clause ________ of the Contract and, where applicable, sections 1139 to 1142 of the Companies Act 2006.
6. Reservation of Rights and Final Provisions
6.1. The termination of the Contract shall not affect any rights, remedies, obligations or liabilities of either party that have accrued up to the date of termination, including the right to claim damages in respect of any breach of the Contract which existed at or before the date of termination.
6.2. Any provision of the Contract that expressly or by implication is intended to come into or continue in force on or after termination shall remain in full force and effect.
6.3. No delay, neglect or forbearance on our part in enforcing any term of the Contract shall be, or be deemed to be, a waiver of any of our rights or remedies.
7. SIGNED:
_________________________
________ (________)
FOR AND ON BEHALF OF ________ (A COMPANY)
Date: ________
SCHEDULE 1
A copy of the Contract dated ________ is to be attached in the space below:
SCHEDULE 2
A copy of the breach notice dated ________ is to be attached in the space below:
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