Mutual Release and Termination Agreement

Partial Release - 2 parties

No. of Prokens Required: 2 |

Document Preview:

Description:

A simple termination agreement for 2 parties to terminate agreement and be partially released form the rights and obligations under the Agreement (excluding the rights and obligations already in existence prior to the Termination Date).

The effect of execution of this document means the Parties will not be entitled to all rights under the Agreement, save for rights already accrued and in existence at the date of termination of the Agreement and/or those not relating to the business under the Agreement. Similarly, the Parties will not be liable for all liabilities and obligations under the Agreement, except those already accrued and in existence at the date of termination and/or those not relating to the business under the Agreement.

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

,  

mutual release

,  

release

,  

contract

,  

agreement

,  

counterparty

,  

rights

,  

obligations

,  

partial release

,  

2 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.