Fillable Printable Mutual Termination of Contract
Fillable Printable Mutual Termination of Contract
Mutual Termination of Contract
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Let’s say that you want to terminate an agreement – do it right by using this sample agreement.
The first part of the Memorandum should be completed and distributed to the other party along with
a copy of the Mutual Termination of Contract.
Date: [Date]
To: [Name of other party]
From: [Owner/Founder]
[Company]
Subject:Mutual Termination of Contract
________________________________________________________________________
Attached is a “Mutual Termination of Contract” agreement to formally terminate the [Name of
Agreement] Agreement we entered into on [Month, Day, Year].
I believe that it embodies everything we discussed.
Please read the agreement carefully.
We recommend that you also have it reviewed by your own qualified legal counsel.
Time is of the essence.
Please sign and return it to me asap.
Thank you very much!
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NOTICE:
We wish we could provide an agreement that was tailored exactly to your business. While this is not
always possible, we feel that we've come very close and that this document provides you with the head-
start that you need to get your deal moving. Nevertheless, we must make this disclaimer:
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Do Not Use This Agreement 'As-Is.'
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This Agreement Is Not Legal Advice.
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Read it Thoroughly and Make All Appropriate Changes to Fit Your Requirements.
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You Should Have this Agreement Reviewed and Approved by a
Qualified Attorney at Law Before Using It.
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JIAN Accepts No Liability for the Effectiveness of This Document For Your Purposes.
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Editing Your Sample Contract
Since this entire agreement is formatted in Word, you can edit it like any other Word document. You can
jump from variable to variable by clicking the above green arrows which will take you
forward / backward and highlight the entire sample text identified within the “[ ]” brackets – simply edit /
type-over with your information.
To make sure your have filled in all the variables, use Word’s ‘FIND’ function to locate any “[ ]” which
may contain an unedited variable.
Upon completion, delete any unnecessary blank lines that remain.
You may format this document any way you like.
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The following is a standard introductory paragraph that lists the parties to the Termination and the
date.
You need to enter the effective date of the Termination, the names of the parties, the specific type
of organization they are, and their addresses.
Since this is a generic Termination, we have defined the parties as "Party 1" and "Party 2." You may
wish to use the terms from the original contract (the one that you're now terminating), i.e., "the
Supplier and the Distributor or the Lessor and the Lessee."
The Effective Date [Date]
between [Company Legal Name], (“[Company]”)
a [State] [Corporation / Partnership / Sole Proprietorship / Resident),
located at [Address]
[City], [State] [Zip Code]
and [Party 2], (“Party 2”)
a [State] [Corporation / Partnership / Sole
located at [Address].
Agreement Terminated [Name of Agreement]
For the first insert, in the next paragraph, enter the name of the Agreement you are now terminating.
For the next two inserts, enter the date of that Agreement.
[Company] and Party 2, by this Agreement, agree to terminate and cancel the [Name of Agreement] we
executed on [Month, Day, Year] (the “Agreement”), a copyof which is attached as Exhibit A.
Surviving Terms & Conditions
Xxx
Xxx
Xxx
Other than specific surviving provisions as listed above in this Agreement, neither party shall have further
recourse against the other.
Understood, Agreed & Approved
We have carefully reviewed this contract and agree to and accept its terms and conditions. We are
executing this Agreement as of the day and year first written above.
[Company] [Party 2]:
_____________________________ ____________________________
[Owner/Founder] [Name]
_____________________________ ____________________________
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Agreement
