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Terminating An Unsigned Contract

Terminating An Unsigned Contract Template for New Zealand

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Key Requirements PROMPT example:

Terminating An Unsigned Contract

"I need to draft a Terminating An Unsigned Contract document for a software development agreement that has remained unsigned since January 2025, as we need to urgently engage with a different vendor and want to formally close this negotiation."

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Document background
The "Terminating An Unsigned Contract" document is essential in New Zealand business operations where parties need to formally end negotiations or withdraw from an unsigned agreement. It's particularly relevant when circumstances change during contract negotiations, when parties fail to reach final agreement, or when business requirements evolve before formal execution. This document operates within the framework of New Zealand contract law, specifically considering the Contract and Commercial Law Act 2017 and related legislation. It addresses key aspects such as the current status of the unsigned agreement, basis for termination, and management of any preliminary actions or partial performance. The document is designed to provide legal clarity and protect the terminating party's interests while maintaining professional business relationships.
Suggested Sections

1. Recipient Details: Full name and address of the recipient party, including any reference numbers

2. Contract Reference: Clear identification of the unsigned contract being terminated, including date, title, and parties involved

3. Statement of Current Status: Confirmation that the contract remains unsigned and any relevant history of negotiations or draft exchanges

4. Termination Statement: Clear and unambiguous statement of intention to terminate or withdraw from the unsigned contract

5. Legal Basis: Brief explanation of the legal grounds for termination of an unsigned contract

6. Immediate Actions: Any immediate actions required by either party, such as ceasing work or returning documents

Optional Sections

1. Prior Communications: Reference to any relevant previous communications about the contract or its termination - include if there has been correspondence about signing or delays

2. Partial Performance: Address any work already undertaken or payments made - include if any actions have been taken under the unsigned contract

3. Alternative Proposals: Any proposed alternative arrangements or new contract terms - include if there's intention to continue the business relationship

4. Cost Resolution: Addressing any costs incurred or payments made - include if there are financial matters to resolve

5. Confidentiality Reminder: Reminder of any confidentiality obligations - include if sensitive information was shared during negotiations

Suggested Schedules

1. Timeline of Events: Chronological list of relevant events, communications, and actions taken regarding the contract

2. Copy of Unsigned Contract: The latest version of the unsigned contract being terminated

3. Related Correspondence: Copies of relevant emails, letters, or other communications regarding the contract

4. Financial Summary: If applicable, summary of any costs incurred or payments made under the unsigned contract

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Risk and Compliance

Business Development

Contract Administration

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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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