How to write an apologetic contract termination letter

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Dear [Recipient],

I regret to inform you that we have made the difficult decision to terminate our contract with [Company Name]. This decision was not made lightly, and I apologize for any inconvenience this may cause.

We have been reviewing our business operations and have determined that it is in the best interest of our company to move in a different direction. As a result, we will no longer be needing the services provided by [Company Name].

Please rest assured that this decision has nothing to do with the quality of your work or the level of service you have provided. We have been satisfied with your performance and professionalism throughout our time working together.

We will work with you to ensure a smooth transition and are happy to provide any assistance or information you may need during this process. We value the relationship we have built with your company and hope to have the opportunity to work together again in the future.

Thank you for your understanding and cooperation in this matter. If you have any questions or concerns, please do not hesitate to contact me.

Sincerely,

[Your Name]