oboloo Glossary

Termination Of Services Letter

oboloo Glossary

Termination Of Services Letter

A Termination of Services Letter is an official document that denotes the end of a business relationship between two parties. This letter is typically sent when one party wishes to discontinue the services being provided by the other. It provides official notification of intent and outlines any timeline associated with the termination. Furthermore, it may also outline any agreed terms associated with the termination, such as payments, liabilities or obligations. The Termination of Services Letter should state clearly that the contracted services have been terminated and what actions each party needs to take in order to close out the agreement. Terms and conditions must be detailed clearly for both parties’ records and protection.