With reference to your request letter for releasing you from the contract as mention above we hereby would like to inform you through this letter that we have taken your request in due consideration and we have come to the conclusion that we will release you from the contract that we had last year.
However, there are certain conditions that you need to fulfill if you want to get released yourself from the contract. These conditions include;
There should not be any due from your side to any supplier.
You will have to clear all your bills relating contract.
After the releasing from contract you will not run separate business of same nature.
I hope that you will agree with our conditions if you really want to get released from the contract.