A simple termination agreement for 2 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.
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