Business Studies Course - Investment
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Letter of resignation - Functions

Now let's look at the letter again. Read it carefully, then try to find out what has happened, and how Sally feels about this. When you have finished click on 'ANALYSIS'

Dear Mr Blake;

This letter serves as official confirmation that I am tendering my resignation from Biscuit Investments, effective immediately.

As you know, either party can opt out of our employment agreement provided that a month's notice is given. As I am due six weeks leave, which I am now taking, this will serve in lieu of notice.

Regarding this contract, I have had my attention strongly drawn to the fact that I have agreed not to undertake any stock trading on behalf on any clients of Biscuit Investments for a period of three months after the termination of my employment, and you may rest assured that I intend to honour this obligation to the letter. However, your suggestion that none of these clients may do business with any firm in which I am a partner is unfounded, and according to my legal advice, an untenable position in law.

Furthermore, I understand from Paul Bascombe that with the departure of myself and Mr English, Mr Barwell has decided to take early retirement, and the department for which I formerly worked is to be closed, making Bascombe redundant. Therefore the clause which specifies that I am not to enter a business which directly competes with Biscuit Investments does not apply.

In the light of the unpleasant scene which ensued when news of my intended departure became known, I do not intend to return to the company to clear my desk, and I would be grateful if any personal items are forwarded to English & Dodd Plc, at the above address.

Since I do not forsee the need for any further personal communication between us, I and Mr English take this opportunity to wish you and Biscuit Investments the success you deserve in the future.

Yours truly

Sally Dodd