Breaches of contracts can cost companies large sums and serious delays doing long term damage to your companys performance thats why good contracts always define what a breach of contract is and how it can be remedied including when contract termination is available as a solution. Termination for breachlicensor and licensee will be entitled to terminate this agreement by written notice to the other party in the event the other party is in material breach of any of its obligations hereunder and shall fail to remedy any such default within ninety 90 days after notice thereof by the non breaching party. A termination of contract letter also known as a breach of contract letter communicates to a counterparty that you are planning to breach the contract effectively terminating the agreement that currently governs your business relationship. A contract can also expressly provide for termination on an event which would not otherwise be regarded as a repudiatory breach allowing for termination at common law some contracts allow for termination in the event of a material or substantial breach such as breach of confidentiality or a failure to pay or if there are repeated breaches. Breach of contract failure of one party to do what the general employee termination letter examples employee contract termination letter resourcesworkablecom examples on this page like the business contract termination letter and vendor contract termination letter show that the business itself was bought by another individual or
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