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The Purchase Agreement Termination Letter is a crucial document used when one or both parties wish to formally end their purchase agreement relationship in the Philippines. It must comply with Philippine Civil Code requirements and commercial regulations, particularly Articles 1191-1192 regarding the termination of reciprocal obligations. This document is typically used when parties need to end their purchase agreement due to various circumstances such as breach of contract, mutual agreement, or completion of obligations. The letter should clearly reference the original agreement, state the grounds for termination, specify the effective date, and outline any remaining obligations or necessary actions. It serves as official documentation of the termination decision and helps prevent future disputes by clearly establishing the terms of the separation. The document is particularly important in the Philippine business context, where formal documentation of contract termination is essential for legal compliance and business records.

1. Recipient Details and Date: Full name, title, and address of the recipient, along with the current date

2. Subject Line: Clear indication that this is a Purchase Agreement Termination Notice, including the reference number of the original agreement

3. Original Agreement Reference: Specific details of the purchase agreement being terminated, including date of execution and parties involved

4. Statement of Termination: Clear and unequivocal statement of intent to terminate the agreement, citing the relevant termination clause from the original agreement

5. Effective Date: Specific date when the termination becomes effective

6. Reason for Termination: Brief explanation of the grounds for termination, if applicable

7. Outstanding Obligations: Statement regarding any remaining payments, returns, or obligations that need to be fulfilled

8. Closing Statement: Professional closing with contact information for further communication

9. Signature Block: Space for signature, name, and title of the authorized signatory