MUTUAL RELEASE

 

This mutual release, executed on  [date], between [name of first

party] of  [address] , City of       , County of     , State of     ,

and [name of second party] of [address] , City of     , County of   

, State of     , is intended to effect the elimination of any

obligations by either party as hereinafter designated.

 

Whereas, disputes and differences have arisen between the parties with

respect to that certain contract entered into by said parties and

executed on [date] , a copy of which is attached hereto as Exhibit A,

both parties have agreed to settle said disputes and differences by

executing this mutual release.

 

Whereas, both parties recognize that by the execution of this mutual

release, they are relinquishing their respective legal rights with

reference to the herein mentioned disputes and differences, both parties

agree that in consideration of this execution of this mutual release,

and for the added consideration of the payment of [amount] Dollars,

($  ) by [name of first party] to [name of second party] , receipt of which

is hereby acknowledged, and the payment of [amount] Dollars, ($   ) by

[name of second party] to [name of first party], receipt of which is

hereby acknowledged, each party for his heirs and assigns, expressly

releases the other party, and his heirs and assigns, from all liability

for claims and/or demands which may arise from that certain contract

referenced herein and attached hereto.

 

In witness whereof the parties have executed this mutual release at

[place of execution] on the day and year stated above.

 

 

/S/_________________________

 

 

/S/_________________________


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Mutual Release.doc




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