Mutual Release of Claims Based on Contract with Rescission of Contract

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					     Mutual Release of Claims Based on Contract with Rescission of Contract

      This Mutual Release and Rescission of Contract is made and entered into on this
the ____ day of ____________, 20____, by ______________________________ of
____________________________________________________________ (street
address, city, state, zip code) and ______________________________ of
____________________________________________________________ (street
address, city, state, zip code).

          WHEREAS, disputes and differences have arisen between
______________________________ and ______________________________ with
respect to that certain contract entered into between the parties on the ___ day of
__________, 20____, and a copy of the Contract is attached hereto as Exhibit A and
made a part hereof in order that all such claims, demands, actions, responsibilities and
liabilities of the respective parties may be ascertained.

       WHEREAS, the parties have agreed to execute this mutual release in 
				
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Description: A rescission of a contract generally places the parties in the position they would have been had the contract never been entered into by the parties. For example, money is returned to the buyer and the buyer returns the merchandise to the seller. This form is an example of such a rescission.
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PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),