Free Mutual Termination of Contract
Mutual Termination Agreements are used when both parties desire to terminate an agreement before its date of expiration. This agreement contains the names of the parties who mutually agree to do so, a description of the agreement which will be terminated and the effective date of the termination.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
Mutual Termination of Contract
Reference to Contract No. _____
This Mutual Termination of Contract ("Agreement") is made effective on ___________, by and between ________________ (“Party 1”) and ___________________ (“Party 2”).
This is an agreement to mutually terminate the contractual relationship between the above referenced parties in regards to a _______________ contract entered by and between the parties on _______________.
The parties herein mutually terminate their contract pursuant to §___, Termination provision in the above referenced contract.
Parties herein have executed this Mutual Termination of Contract effectively on the below said date.
Party 1 Date
Party 2 Date