The Termination Of Supplier Contract is essential when organizations need to formally end their commercial supply arrangements. This document is specifically designed for use under English and Welsh law and provides a structured framework for managing the cessation of supplier relationships. It addresses critical aspects such as final payments, transitional arrangements, and ongoing obligations. The document ensures compliance with relevant commercial legislation while protecting both parties' interests during the termination process.
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1. Parties: Details of the contracting parties, including registered addresses and company numbers
2. Background: Brief context of the original agreement and reason for termination
3. Definitions: Key terms used in the termination agreement, including reference to definitions in original agreement
4. Termination Date: Specific date when the agreement will terminate
5. Outstanding Obligations: Details of any remaining payments or obligations to be fulfilled
6. Return of Property: Process and timeline for returning any materials, equipment, or documentation
7. Confidentiality: Ongoing confidentiality obligations post-termination
1. Transition Arrangements: Details of handover process to new supplier - include when services need to be transferred to another supplier
2. Intellectual Property Rights: Arrangements for IP created during the contract period - include when IP was created or licensed during the contract
3. Data Protection: Arrangements for handling personal data post-termination - include when personal data was processed under the contract
4. Non-Compete Provisions: Any ongoing restrictions on competition - include when original agreement contained non-compete clauses
1. Schedule 1 - Outstanding Payments: Detailed breakdown of any remaining payments
2. Schedule 2 - Return of Property Checklist: List of items to be returned and deadlines
3. Schedule 3 - Transition Plan: Detailed timeline and responsibilities for service transition
4. Appendix A - Original Agreement: Copy of the original supplier agreement being terminated
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