This document sets forth an agreement for the mutual rescission of an existing contract.
Rescinding a contract means that you are cancelling the contract. The agreement
states that the identified contract is rescinded and that neither party shall have any
further rights or duties under the rescinded contract. This template form can be
customized to ensure that the understandings of the parties are properly set forth.
RESCISSION OF CONTRACT
This Agreement of mutual rescission of a contract made and entered into this _______________ day of
_______________, ___________, by and between ______________, of ____________________, and
_________________, of _____________________.
The parties recite and declare that:
A. On __________________, ______________, the parties entered into a contract, which contract is
attached hereto and marked Exhibit A.
B. The parties to that contract and to this agreement of mutual rescission desire to rescind that contract.
For the reasons set forth above, and in consideration of the mutual covenants of the parties hereto, the
parties agree as follows:
The above-mentioned contract is hereby rescinded as of this day first above written, and neither party
shall have any further rights or duties thereunder.
STATE OF __________________
COUNTY OF _________________
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in
the County aforesaid, to take acknowledgments, personally appeared ________________, to me known
to be the person described in and who executed the foregoing instrument and acknowledged before me
that it was executed for the purposes set out therein.
My Commission Expires: __________________________
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