What is a termination letter?
A termination letter isn’t nearly as scary as it sounds. A termination letter is a short letter that generally indicates that the firm has performed as promised and the representation – limited to the scope of representation initially agreed upon in the engagement agreement – has concluded. This protects both parties from future issues that may arise. For example, this prevents the firm from asserting the client is responsible for fees, costs or other issues that are outside the scope of representation. Similarly, it protects the firm from clients asserting that the firm did not perform with respect to an issue outside the scope of representation.
Barry E. Haimo, Esq.
Strategic Planning With Purpose
YOU ARE NOT OUR CLIENT UNLESS WE EXECUTE A WRITTEN AGREEMENT TO THAT EFFECT. MOREOVER, THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. EACH SITUATION IS HIGHLY FACT SPECIFIC AND EXCEPTIONS OFTEN EXIST TO GENERAL RULES. DO NOT RELY ON THIS INFORMATION, AS A CONSULTATION TO UNDERSTAND THE FACTS AND THE CLIENT’S NEEDS AND GOALS IS NECESSARY. ULTIMATELY WE MUST BE RETAINED TO PROVIDE LEGAL ADVICE AND REPRESENTATION. THIS INFORMATION IS PROVIDED AS A COURTESY AND, ACCORDINGLY, DOES NOT CONSTITUTE LEGAL ADVICE.