There are various reasons for which a retainer agreement is terminated but whatever be the case a formal termination letter has to be written. Just like any other termination letter format, this agreement termination letter has to be precise and complete. It must include the reason for termination. A letter of termination of retainer agreement must always be ended on a positive note despite whatever has been the cause of termination.
We have come up with a sample letter of termination of Retainership agreement to help you create a customized agreement termination letter format that includes all the essential points.
New Age Counsel
Date: October 30, 2021
Mr. Andrew Reynolds
Sub: Regarding Termination of Retainer Agreement
Dear Mr. Andrew,
We are writing this letter to inform you that we have decided to terminate our agreement dated September 10th, 2020. We would like to express our gratitude for giving us a chance to work with your reputed company as a retained legal counsel.
Though our association was for a short duration but it gave us an opportunity to work with an extremely professional organization. During this time, we also had a chance to learn many things from you. But due to the conflict of interest, we will not be able to take it ahead and therefore, we are writing this letter to inform you that we are going to be terminating our attorney-client association. In addition, we would like to mention that we are extremely thankful to you for extending your support during the agreement period. We would also like to mention that we are still open to extend our support in legal issues in case it is needed.
We regret that this situation has risen and we had to take such an action. Nevertheless, we would like to thank you for this association. Wishing you success in your future projects.
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