How to terminate a supply contract
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By concluding a supply contract, partners hope that all the terms of the agreement of each of the parties are met. And, of course, they are counting on the timely and successful completion of the transaction. But practice shows that it is often necessary to resort to early termination of the contract. The legislation of the Russian Federation allows this to be done at any time, at any stage of fulfillment of contractual obligations, subject to the observance of procedural standards.
Instruction manual
1
Study the text of the contract carefully, it should contain a clause regulating the termination of the agreement. In this case, you should act in accordance with the algorithms prescribed in it. If there is no such section in the content, then follow the legal acts of the legislation of the Russian Federation.
2
Given the characteristics of the termination of contractual obligations provided to economic entities by the Civil Code of the Russian Federation, clauses 1 and 2 of Art. 450, you can terminate the transaction by mutual agreement of the parties or unilaterally. In any case, prepare the grounds for termination of the current contract and negotiate with a partner. It is possible that the counterparty is ready to cancel the transaction, therefore, according to the laws of the Russian Federation, the termination should be issued in the same manner as the conclusion of the contract.
3
To terminate the supply contract unilaterally, you must send your partner a notice of refusal to fulfill contractual obligations. From this time, the agreement of the parties ceases to be valid. However, for such actions you must have substantial grounds (violation of the terms of the contract). List them in the notification, fill out accordingly and send them according to the rules by registered mail with acknowledgment of receipt.
4
After receiving a refusal from your partner (or not receiving a response within the time specified in the notification), which considers the grounds listed in the notification insufficient to terminate the contract, proceed with preparing a package of documents for applying to the court. Here you will need a statement, an agreement, a copy of the notification sent, a postal receipt on delivery of the document to the partner, a receipt on the payment of the state duty and documents confirming the violation of the terms of the agreement by the partner.
