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.
multi-parties, 3 parties,
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