Dear [Supplier’s Name],
I hope this letter finds you well. I am writing to inform you that we will not be renewing our contract with your company at the end of its term.
We have been working with you for [length of contract], and during this time, we have appreciated the quality of your products and services. However, due to strategic changes in our business, we have decided to explore other options and seek out new partnerships.
Please be assured that this decision is not a reflection of your performance, but simply a business decision. We value the relationship we have built with your company and hope that we can continue to work together in the future on a project-by-project basis.
We appreciate your understanding in this matter and would like to request that you provide us with any outstanding invoices or deliverables by the end of the contract period. Furthermore, we ask that you prepare any necessary paperwork to ensure a smooth and timely termination of our business relationship.
We look forward to the possibility of working with you again in the future. Thank you for your understanding and cooperation.
Sincerely,
[Your Name]