Sample Letter format to Cancel Business Partnership

Sample Letter format to Cancel Business Partnership

[These are sample letter to cancel, dissolve or terminate the business partnership agreed on a signed document. If you are ending your business partnership due to a personal dispute, business growth or financial problems then this is the best letter for you.]

Date…

Partner name…

Address…

Sub: Letter to Dissolve Business Partnership

Respected Sir,

I want to say that I want to cancel the business partnership with you as I am shifting abroad and I want to shift my business there too. I want to end your business partnership due to a personal dispute, business growth, and financial problems. (state your actual problem and situation).

So, I want to cancel this partnership as I intend to create my own company there.

Regards,

Your name…

Contact no. and Signature…

 

Another format,

Date…

Partner name…

Address…

Subject: Letter to Cancel Business Partnership

Dear (Name),

It is pleasure to have a very long business partnership of “(Company/Institute name)” with you. We both enjoyed this agreed partnership in terms of profit, growth, goodwill and our friendship. Now we are in good positions and having the capital to manage separate businesses as discussed in our last meeting. (state your actual problem and situation). Our partnership goes long even more than our agreement. It was just because of your goodness and competency.

As for as our personal relationship is concerned we are having some issues because of our employees, which have been resolved in the last meeting. Before we get into any further misunderstandings as likely to be aroused we must get it dissolved and we keep enjoying our friendship.

We can proceed to terminate the partnership agreement as defined in our first agreement. Which clearly define the terms and conditions for termination of assets, capital, employees, and goodwill.

Even after separating the businesses I hope we will be good competitors and beat in the market as we did in the last two years. It was the very nice experience of partnership with you and I will ever miss a very nice partner like you.

Best wishes for your success.

Thanks in Anticipation,

Regards,

Your name…

Contact no. and Signature…