Termination of Distribution Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Recipient Information

{{recipient_company_name}}

{{recipient_company_address}}

Subject: Notice of Termination of Distribution Agreement

Dear {{recipient_contact_person}},

This letter serves as formal notification of the termination of the Distribution Agreement (hereinafter referred to as "the Agreement") entered into on {{agreement_start_date}} between {{your_company_name}} and {{recipient_company_name}}. This termination is effective {{termination_effective_date}}.

Reasons for Termination (Optional)

The termination is made pursuant to Clause {{termination_clause_number}} of the Agreement, which permits termination with {{notice_period}} days' written notice.

Alternatively, the termination is due to {{brief_reason_for_termination}}.

Obligations Upon Termination

Upon the effective date of termination, all rights and obligations of both parties under the Agreement shall cease, save for those clauses expressly stated to survive termination.

Specifically, {{recipient_company_name}} is required to provide a final accounting of all inventory and sales within {{accounting_period}} days of the termination date.

Any outstanding payments due to {{your_company_name}} must be settled within {{payment_settlement_period}} days of the termination date.

Return of Materials

{{recipient_company_name}} is required to return all marketing materials, confidential information, and any other property belonging to {{your_company_name}} within {{return_period}} days of the termination date.

Confidentiality and Non-Compete

The confidentiality and non-compete clauses (if applicable) outlined in the original Distribution Agreement shall remain in full force and effect after the termination date as per the terms of the Agreement.

Governing Law

This termination notice and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

Acknowledgement

Please acknowledge receipt of this notice by signing and returning the enclosed copy of this letter.

We wish {{recipient_company_name}} all the best in its future endeavors.

Signature Block

Sincerely,

___________________________

{{your_name}}

{{your_title}}

{{your_company_name}}

___________________________

{{recipient_name}}

{{recipient_title}}

{{recipient_company_name}}

Date: _____________________