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1. Contract Reference Details: Clear identification of the contract being terminated, including original contract date, parties, and contract reference number
2. Notice of Termination: Clear and unambiguous statement of intent to terminate the contract
3. Legal Basis for Termination: Reference to relevant contract clause or legal provision allowing for termination
4. Effective Date: Specific date when the termination takes effect, considering any required notice periods
5. Outstanding Obligations: Statement regarding any remaining obligations or payments due up to the termination date
1. Reason for Termination: Include when required by contract or when providing context would be beneficial for maintaining business relationships
2. Transition Arrangements: Used when there needs to be a handover process or transition period
3. Return of Property: Include when there are physical or digital assets that need to be returned
4. Confidentiality Reminder: Include when the original contract contained confidentiality obligations that survive termination
5. Future Cooperation: Optional positive closing statement about potential future business relations, when appropriate
6. Mutual Release: Include when parties agree to release each other from future claims related to the contract
1. List of Contracts Being Terminated: Schedule listing all related agreements being terminated, if there are multiple related contracts
2. Outstanding Payments Schedule: Detailed list of any pending payments or financial settlements
3. Handover Plan: Detailed timeline and responsibilities for transition activities, if applicable
4. Asset Register: List of assets to be returned or transferred between parties
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