C. Provide formal notification to the other partyis important to do when terminating a contract
Contract can be defined as a legal agreement between two parties.
When terminating a contract it is important that that the other party is formally notified ahead before cancellation of the contract or before carrying out the termination.
The letter should be send to the other party immediately you conclude or bring to a resolution in your mind to terminate or cancel the contract.
The receiver of the contract termination letter will have to sign that he or she has received the letter.
Inconclusion C. Provide formal notification to the other partyis important to do when terminating a contract.
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