How do you communicate to a vendor that you are going to end the contract you have in place with them? And explain the reasons of such termination.

By email75%

Thru a meeting25%

102 PARTICIPANTS
1.1k viewscircle icon1 Comment
Sort by:
Chief Cybersecurity Strategist & CISO in Healthcare and Biotech3 years ago

Always verify in the contract how that must be done. Never have seen a vendor take verbal and acceptance to end the contract. Email may not be acceptable. May need to be a formal legal letter and 90 days, 69 days, 30 days etc. notice

Lightbulb on1

Content you might like

Unsure what technology is available16%

Unsure we could implement it34%

Resistance to change39%

It could negatively impact customers23%

People could lose jobs19%

Our AR process is too complicated16%

Cost19%

Nothing, we have already automated our accounts receivable13%

View Results

Invest more in eCommerce33%

Maintain the current investment in eCommerce61%

Invest less in eCommerce4%

View Results