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Termination of Boat Building Contract

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Termination of Boat Building Contract Powered By Docstoc
					This is a document that terminates a previously executed boat building contract. For the
termination to be valid, both parties must voluntarily agree to terminate the contract. By
executing this document, each party agrees to release the opposing party against all
future claims and causes of action. In addition, the document provides the effective
date of the termination. This document can be used by individuals or small businesses
that want to voluntarily terminate an existing boat building contract.
       TERMINATION OF BOAT BUILDING CONTRACT

This Termination of Boat Building Contract (the “Termination”) is made on this
______________ day of __________________, 20__, by and between __________, of
________________, (“ABC”), and _________________, of _______________, (“XYZ”)


For good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:


1. The parties have entered into a Boat Building contract dated ____________________, which
is attached and made a part of this Termination: (the “Contract”). The Parties are bound to
perform their respective obligations under the terms of the said Contract.


2. The Parties hereby agree to mutually terminate and cancel this contract effective as of this
___________ day of ________________, 20________ (the “Termination Date”). Effective
Termination Date, the said Contract shall be null, void and of no further binding effect, provided
however, that with respect to any provision in the Contract that would otherwise survive in
accordance with the terms and conditions of the Contract, the Parties hereby agree that such
provisions shall survive the termination of the Contract.


3. Effective as of the Termination date, each party hereby fully and unconditionally releases and
forever discharges the other Party from any and all actions, causes of action, suits, debts,
obligations, claims, liabilities and demands whatsoever it has or may have under the terms of this
contract.


4. This Termination shall be construed under the laws of the State of _____________________.


5. This Termination constitutes the entire agreement between the parties and supersedes any
prior or contemporaneous agreements. Nothing herein contained shall be binding upon the
parties until this agreement has been executed by an officer of each party. This agreement may
not be modified or supplemented except in writing signed by both parties.


6. This Termination shall be binding upon and inure to the benefit of the Parties, their
predecessors, assigns, successors in interest, personal representatives, their past and present
attorneys, principals, employees, independent contractors, officers, directors, shareholders,
parents, issue, subsidiaries, agents, servants, estates, heirs, administrators, executors,
conservators, trustees, legatees, and other affiliated entities of each of the Parties hereto



© Copyright 2011 Docstoc Inc.                                                            2
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the year and
date first above written.


_________________________
(Signature)

By:________________________
(Name)


___________________________
(Signature)

By:________________________
(Name)




© Copyright 2011 Docstoc Inc.                                                 3
Attach the Boat building Contract




© Copyright 2011 Docstoc Inc.       4
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DOCUMENT INFO
Description: This is a document that terminates a previously executed boat building contract. For the termination to be valid, both parties must voluntarily agree to terminate the contract. By executing this document, each party agrees to release the opposing party against all future claims and causes of action. In addition, the document provides the effective date of the termination. This document can be used by individuals or small businesses that want to voluntarily terminate an existing boat building contract.
This document is also part of a package Steps in Terminating a Contract 7 Documents Included