Unfortunately, I am writing this letter to officially inform you that I am cancelling the sales contract with the reference [entry reference] signed on the [signature date] of the letter. The reason I revoke the contract is on [mention the reason for your termination]. Due to the poor quality of the goods, we suffered a huge loss on our side; our company needs the refund of the goods, as written in the signed agreement, all relevant documents that help in the closing process, ask you to cooperate fully so that the necessary legal procedures can be completed quickly. Here are some of the reasons why a buyer may decide to exit a sales contract: A letter of termination of sales contract is a formal statement written by a company/company to another manufacturer/company to terminate a sales contract signed between them. The most common reasons why most people terminate sales contracts are: As we have also incurred losses in selling the product you bought, we need reimbursement of the same as stated in the agreement. I have attached all the documents that will be useful throughout this cancellation process. Any agreement on trust continues, and in a way, I don`t think it can work. We hope that you will cooperate as widely as possible so that all legal formalities can be completed as quickly as possible. The act of terminating a contract is considered unilateral, as termination is usually carried out by only one party. A termination letter should terminate all remaining activities that should be carried out under the sales contract.
In addition, the future application of the agreement will be cancelled from the date of denunciation. However, termination of a contract does not affect the legal consequences and commitments of events that occurred prior to termination. I am writing this letter to inform you that our company has entered into the XXX sales contract (reference number) which expires at XXX (date) for a period of XXX (may be months, years). The termination of the contract was due to unavoidable circumstances, such as numerous complaints from our esteemed customers regarding the quality of different products of your company and the late delivery of the goods and the questionable behavior of your employees. There are many reasons why a person may decide to terminate a sales contract. This implies that there are many reasons why a buyer may decide to terminate a sales contract.