[Your Name] [Your Title] [Your Company/Organization] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date]
[Recipient’s Name] [Recipient’s Title] [Recipient’s Company/Organization] [Recipient’s Address] [City, State, ZIP Code]
Dear [Recipient’s Name],
I am writing to formally inform you of the termination of our collaboration agreement, effective [insert effective date]. As we have mutually agreed upon, this decision has been made after careful consideration and consultation with both parties involved.
Throughout the course of our partnership, we have achieved remarkable progress and built a strong professional relationship. It is with a sense of appreciation and gratitude that I acknowledge the efforts and contributions made by both teams during this collaboration. We have learned a great deal from each other and are confident that this experience will be beneficial in our future endeavors.
The reasons for terminating the collaboration are as follows:
- [Reason 1: e.g., Change in business strategy, financial constraints, etc.]
- [Reason 2: e.g., Incompatibility of goals or objectives, lack of mutual benefits, etc.]
- [Reason 3: e.g., Shift in market conditions, etc.]
It is important to note that we have conducted an honest and thorough review of the partnership, and both parties have agreed that continuing the collaboration is not in the best interest of either of our organizations. Therefore, it has been mutually decided to terminate the agreement effective [insert effective date].
To ensure a smooth transition, the following actions will be taken:
- [Action 1: e.g., Transfer of assets or responsibilities]
- [Action 2: e.g., Termination of any outstanding projects or obligations]
- [Action 3: e.g., Return of any materials or intellectual property]
Please rest assured that we will make every effort to minimize any inconvenience caused by this termination. We appreciate your understanding and cooperation during this process.
In the spirit of maintaining a positive and professional relationship, we would like to offer the opportunity to discuss the possibility of future collaborations or refer you to other potential partners. If you are interested, please feel free to contact me at [your phone number] or [your email address] to explore these options.
Once again, we would like to extend our gratitude for the opportunity to work together and wish you and your team continued success in your respective endeavors.
Thank you for your attention to this matter.
Sincerely,
[Your Name] [Your Title] [Your Company/Organization]