Exit from Multi-Parties Agreement

Full Release - 3 Parties

No. of Prokens Required: 2 |

Document Preview:

Description:

A simple exit agreement for a party to leave a 3 parties agreement and be released form the rights and obligations under the Agreement. A full release of all the Leaver's rights and obligations under the Agreement to that extent. The Continuing Parties otherwise continue as parties to the Agreement, and continue to be bound by and comply with the Agreement.

Full release here allows the Continuing Parties and the Leaving Party to release each other from any present, past and future obligation, liability or claim under the Agreement arising in connection to the performance of the Agreement before the date of exit.

Each of the Parties agrees to act reasonably to implement and/or give effect to the Exit Agreement. On the other hand, person not a party to the Exit Agreement have no right under the Agreement to enforce any of its terms.

Document Type:

Agreements / contracts

Category:

Business > Litigation and Liability Management > Letter of Indemnity and Release

 
Keywords:

exit

,  

contract

,  

agreement

,  

counterparty

,  

exit agreement

,  

leave

,  

leaver

,  

rights

,  

obligations

,  

partial

,  

continuing parties

,  

multi-parties, 3 parties

,  
Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.