A Termination Letter Contract is a legally binding document designed to terminate a contractual agreement between two or more parties. It outlines the terms under which both parties agree to end the contract, and can include any provisions on liability, fees, refunds, or other conditions as agreed upon. It formalizes the termination in writing and sets the terms of all financial obligations and other legal responsibilities. A Termination Letter Contract helps ensure all obligations are met and clearly states each party’s rights and obligations following the end of the contract.