The reason for the termination of the contract is our move to Australia. I ask you to take the necessary measures as soon as possible. This letter contains information such as. B if there is a breach of the agreement, what is the nature of the infringement and whether notification has been made to remedy the infringement. It can also be used if the parties wish to terminate the contract in cases where there is no infringement, but the parties mutually agree to terminate a contract. It also allows the sending party to indicate whether, under the contract, one party is due to the other party and indicates the period during which the amounts are to be paid. The letter allows the parties to acknowledge that there is no need to pay any other amounts or make commitments after the closing and acceptance of the letter. Matters relating to contracts and their termination are generally governed by contract law and the provisions of the Indian Contracts Act, 1872, would be applicable here. The Contracts Act also contains provisions relating to loss or damage that may have been caused by infringements that would be subject to termination of the provisions of the contract.
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