A letter of intent (LOI) is a formal document that outlines the terms and conditions of a potential business deal. Whether you`re a business owner or an employee who`s about to end a contract, a letter of intent can be an essential tool for ensuring that both parties agree on the terms of the end of the contract. In this article, we will provide you with a sample letter of intent for end of contract.
Subject: Letter of Intent for the End of Contract
[Date]
[Employer’s Name and Address]
Dear [Employer’s Name],
I am writing this letter to give you notice of my intent to terminate my employment contract with [Company Name]. My current contract is due to expire on [Date], and I have decided not to renew it for personal reasons.
I want to take this opportunity to thank you for the opportunities that you have given me over the years. I have enjoyed working with this company and have learned a lot during my tenure. However, I believe that it is time for me to explore other career opportunities and pursue my personal goals.
As per the terms of my employment contract, I will complete my work until the end of the contract period. I will work diligently to ensure a smooth transition for my replacement and will assist in any way that I can to ensure that the company`s operations are not disrupted.
Please let me know if there are any further steps that I need to take to close this chapter in my career with the company. I am willing to discuss any concerns or issues that you may have regarding my decision to end the contract.
Once again, I would like to thank you and the company for providing me with an opportunity to work here. I appreciate all the support and guidance that you have given me over the years.
Best regards,
[Your Name]