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The Acknowledgement Of Cancellation Letter is a crucial document used in Indonesian business practice when parties mutually agree to terminate their existing contractual relationship. It serves as formal documentation of the cancellation agreement, protecting all parties' interests under Indonesian law. This document is particularly important as it provides clear evidence of the mutually agreed termination, helping prevent future disputes and ensuring compliance with the Indonesian Civil Code (KUHPerdata). The letter typically includes reference to the original agreement, confirmation of the cancellation date, settlement of any outstanding obligations, and mutual release clauses. It's commonly used in various business scenarios, from service contracts to lease agreements, and should be drafted in accordance with Indonesian legal requirements for contract termination.

1. Letter Header: Date, recipient's name and address, and reference number

2. Reference to Original Agreement: Clear identification of the agreement being cancelled, including its date and parties

3. Confirmation of Cancellation: Express acknowledgment of the cancellation request and its effective date

4. Mutual Release Statement: Statement confirming that both parties release each other from future obligations under the cancelled agreement

5. Return of Properties: Confirmation of return or disposal of any relevant properties, documents, or materials

6. Closing and Signature: Formal closing, signature blocks for both parties