TERMINATION NOTICE PACK
A. TERMINATION FOR CAUSE (BREACH) — SAMPLE NOTICE
To: [Counterparty Notice Address]
From: [Your Entity]
Date: [Date]
Re: Notice of Material Breach under [Agreement Title and Date]
This notice is delivered pursuant to Section [Section Number] of the Agreement. The following material breach has occurred: [Describe breach with specifics, dates, evidence].
Pursuant to Section [Section Number], you have [Cure Period Days] days from receipt of this notice to cure. If the breach is not cured within that period, the Agreement will terminate effective [Date/Immediately After Cure Period]. We reserve all rights and remedies available under the Agreement and applicable Arkansas law.
Sincerely,
[Name/Title]
B. TERMINATION FOR CONVENIENCE — SAMPLE NOTICE
To: [Counterparty Notice Address]
From: [Your Entity]
Date: [Date]
Re: Termination for Convenience under [Agreement Title and Date]
Pursuant to Section [Section Number] of the Agreement, we hereby terminate the Agreement for convenience. The termination will be effective [Date], which is at least [Notice Days] days from the date of this notice, as required. Please coordinate wind-down and return/deletion of data per the Agreement.
Sincerely,
[Name/Title]
C. TERMINATION FOR SLA/CHRONIC FAILURE — SAMPLE NOTICE
To: [Counterparty Notice Address]
From: [Your Entity]
Date: [Date]
Re: Termination for Chronic SLA Failure under [Agreement Title and Date]
We reference the SLA credits issued on [dates] for SLA failures in [months/periods]. Under Section [Section Number], chronic failure has occurred. Accordingly, we elect to terminate effective [Date]. Please provide data export and transition assistance as outlined in the Agreement.
Sincerely,
[Name/Title]
D. TERMINATION FOR INSOLVENCY — SAMPLE NOTICE
To: [Counterparty Notice Address]
From: [Your Entity]
Date: [Date]
Re: Termination due to Insolvency under [Agreement Title and Date]
We have received notice of [bankruptcy filing/assignment for benefit of creditors/receivership] concerning [Counterparty]. Under Section [Section Number], we terminate the Agreement effective [Date]. Please cooperate in orderly transition and data return/deletion.
Sincerely,
[Name/Title]
E. DELIVERY AND PROOF OF NOTICE
- Deliver notices by the method(s) required in the Agreement (e.g., courier/email) and retain proof of delivery.
- Note the effective date per the notice clause (e.g., upon receipt, X days after dispatch, or specified date).
F. GOVERNING LAW AND VENUE
Any disputes arising from these termination notices or the underlying Agreement shall be governed by Arkansas law. Exclusive jurisdiction and venue in state or federal courts in [Pulaski County (Little Rock)], Arkansas.
G. JURY WAIVER
TO THE FULLEST EXTENT PERMITTED BY ARKANSAS LAW, EACH PARTY HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY LITIGATION ARISING OUT OF THESE TERMINATION NOTICES OR THE UNDERLYING AGREEMENT.
H. ELECTRONIC SIGNATURES AND DELIVERY
Electronic signatures valid pursuant to Arkansas Uniform Electronic Transactions Act (Ark. Code Ann. Section 25-32-101 et seq.) and federal E-SIGN Act (15 U.S.C. sections 7001-7006). Electronic delivery effective if permitted under the Agreement's notice provisions.