The Termination of Contract by Contractor document is essential in Canadian business relationships where a contractor needs to formally end their service agreement. This document is typically used when a contractor decides to end their engagement before the natural conclusion of the contract term, whether due to new opportunities, changing circumstances, or other valid reasons. It includes critical elements such as notice periods compliant with Canadian provincial and federal laws, details of work transition, final payment terms, and ongoing obligations. The document ensures that both parties understand their rights and responsibilities during the termination process, helping to maintain professional relationships while mitigating legal risks. It's particularly important in Canadian jurisdictions where specific notice requirements and contractor rights must be carefully observed.

1. Parties: Identification of the Contractor and the Client/Company, including full legal names and addresses

2. Background: Brief context of the existing contractual relationship, including reference to the original contract and its effective date

3. Definitions: Key terms used throughout the document, including 'Contract', 'Services', 'Termination Date', and any other relevant defined terms

4. Notice of Termination: Formal declaration of the contractor's intent to terminate the contract, citing relevant contract provisions

5. Termination Date: Specific date when the contract will terminate, ensuring compliance with notice periods specified in the original contract

6. Outstanding Obligations: Details of any pending work, deliverables, or payments that need to be completed before termination

7. Handover Requirements: Specific requirements for transferring work, materials, or information to the client or replacement contractor

8. Final Payment Terms: Details of final invoice submission, payment timing, and any pro-rated fees

9. Return of Property: Requirements for returning client property, equipment, or confidential information

10. Surviving Provisions: Identification of original contract provisions that continue after termination

11. Governing Law: Confirmation that the termination is governed by Canadian law and the specific provincial jurisdiction

12. Signatures: Execution section for both parties to acknowledge the termination terms