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Letter Of Intent For Not Renewing Contract
"I need to draft a Letter of Intent for Not Renewing Contract for our IT services provider contract ending March 31, 2025, ensuring compliance with Indian law and including specific provisions for the handover of ongoing projects and data migration."
1. Letterhead and Date: Official letterhead of the sending organization and current date
2. Recipient Details: Full name, title, and address of the recipient
3. Subject Line: Clear reference to the contract and intention not to renew
4. Contract Reference: Specific details of the existing contract including date, reference number, and parties involved
5. Statement of Intent: Clear and unambiguous statement of intention not to renew the contract
6. Legal Basis: Reference to specific clause in existing contract regarding non-renewal/termination
7. Notice Period Confirmation: Confirmation that notice is being given within required timeframe
8. Current Contract End Date: Clear statement of when the current contract will expire
9. Closing and Signature: Professional closing, name and signature of authorized representative
1. Reason for Non-Renewal: If appropriate or required, brief explanation of the decision not to renew
2. Outstanding Obligations: Reference to any ongoing obligations or payments that need to be addressed
3. Transition Arrangements: Details of any handover or transition requirements if applicable
4. Future Relationship: Optional positive statement about potential future business relationships if appropriate
5. Acknowledgment Request: Request for confirmation of receipt if required for legal purposes
1. Contract Details Schedule: List of all relevant contracts if multiple agreements are involved
2. Transition Timeline: Detailed timeline for handover or transition if complex arrangements are needed
3. Outstanding Items List: Detailed list of any pending deliverables, payments, or obligations to be completed before contract end
4. Contact Information: List of relevant contact persons for transition period or final contract administration
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