Terminating an Agreement: Unsatisfactory Product
[Name, Company Name & Address here]
This is in reference to the Manufacturing Agreement between [first party name] and [second party name] dated [date].
As you must know that because of the [state faults of the product] in your [product name] supplied to us, we have faced many problems and it has hugely affected our business.
We informed you about the problems we faced due to your product, but we did not receive any satisfactory response and were not offered a resolution.
Now, we have decided to terminate our Manufacturing Agreement with effect from [effective date]. Please consider this as our official notice to end all business relations.
We would like to say that regrettably, we have to make this decision; however it was necessary to come to this conclusion to save our business from any further loss.
[Your name & Designation]
Encl: [Enclosures List here]