Service Termination Letter to Vendor

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[DATE]

Dear [RECIPIENT NAME],

This letter serves to formally notify you and [COMPANY NAME] of the board of director’s decision to terminate your services as one of the vendors for [COMPANY NAME], which will take effect on [DATE 1].

The company’s decision stemmed from the failure of both companies to come to an agreement with respect to the prices of the supplies. In light of your company’s recent price increase, our company can no longer afford to procure supplies from your company leaving us with no option but to seek out alternative suppliers. As we have already discussed, the price increase for the supplies was just too high that our company can no longer expect to earn any profit as the nature of our company’s business does not give us much leeway in terms of setting the prices for our products.

We truly regret that this decision has to be made considering the years that both companies have worked together. We have always relied on the quality and reliability of your supplies and the quality of your service in the industry. Please don’t hesitate to contact us if you need us for a reference for your future contract. We wish you all the best in the years to come.

If you have any questions or if you need more information, you may contact me directly through the following:

[CONTACT NUMBER]
[EMAIL ADDRESS]

Regards,

[YOUR SIGNATURE]

[YOUR NAME]