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Mutual Release and Termination Agreement

Full Release - 4 Parties

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

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Document Description

This document can be used as a template for a simple termination agreement for 4 parties to terminate the agreement and be fully released from 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 liabilities 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, a person not a Party to the Exit Agreement has no right under the Agreement to enforce any of its terms.


How to use the document? 

This document should be carefully read by the parties. 

The rights and obligations of the parties released should be clearly stated. 

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.



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