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- 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/_________________________
- _________________________
-
-