Document the justification for termination of the relationship.
Identify all impacted Stakeholders.
Has an exit plan been developed for this relationship?
Review the existing exit plan to determine if it contains any information that can support the termination process.
I have engaged with Legal Department to determine the steps necessary to terminate the contract (Provide Legal resource with copy of current contract, scope of service being terminated and current Exit Plan if applicable). (Yes or No)
Schedule review with Legal Department (and Procurement if applicable) for direction on contractual obligations for this termination
Identify all applicable risk related reasons for termination.
Has the Supplier acknowledged the notification of the intent to terminate the relationship?
Has the termination been communicated to all impacted stakeholders?
Has formal documentation (including emails, letters, etc.) of the contract's termination (or lack of renewal) been stored within the repository folder and provided to Legal Department?
Has all confidential and proprietary information been received back from the Supplier?
Has a certification of the materials' destruction been received?
Have you verified that the Supplier and its employees and/or contracted employees have undergone formal deprovisioning to remove access to our systems and/or secure our locations?
Have all connections to the company network, such as VPNs or other direct connections been terminated?
Have all automated data transmissions to or from the Supplier been terminated?
Has the Supplier returned all physical and logical assets to their respective business unit (including offsite backups or assets in other locations)?
If the Supplier provided software development services or services that included the creation of custom code, has the source code been obtained for future use? Provide details as to the location of the source code.
As of the termination date, has all the historical information related to the Supplier been stored to comply with our records information management policy (e.g., retention of financial data, acknowledgement of post contractual obligations, risk assessments, scorecard, etc. )?
Provide all formal documentation (including emails, letters, etc.) of the contract's termination (or lack of renewal).