When a contract between businesses must be terminated, use their letter to spell out the decision.
ABC Business 123 Main St. Anytown, CA 95928 (555) 555-1212
August 14, 2010
XYZ Business 345 Any Place Anytown, CA 95928
To Whom It May Concern:
This letter is to notify you of the decision of our company, ____________________, in accordance with the terms and conditions of the existing written contract, to elect to cancel and terminate the contract. The contract was entered into by both parties on [date].
Danny Daniels, owner