Mutual Release and Termination Agreement

Full Release - 4 Parties

No. of Prokens Required: 2 |

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Description:

A simple termination agreement for 4 parties to terminate agreement and be fully released form the rights and obligations under the Agreement.

The effect of execution of this document means the Parties will not be entitled to any right under the Agreement and discharge each other fully from all obligations and any accrued liabiliies and obligations already in existence under the Agreement as at the Termination Date.

Each of the Parties agrees to act reasonably to 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:

termination

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mutual release

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,  

contract

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agreement

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counterparty

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rights

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obligations

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full release

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parties

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4 parties

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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.