Mutual Rescission of Contract - DOC

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Mutual Rescission of Contract - DOC Powered By Docstoc
					MUTUAL RESCISSION OF CONTRACT This Agreement of mutual rescission of a contract made and entered into this _____ day of _______________, 20___, by and between _____________________ (party one) and ____________________________ (party two). The parties hereby mutually acknowledge and agree that: 1. On _____________, 20___, the parties entered into a contract, which is attached and marked as Exhibit A. 2. The parties to that contract to this agreement of mutual rescission wish to rescind that contract. Therefore, in consideration of the mutual covenants of the parties, the parties hereby rescind the aforementioned contract effective as of this day first written above. This agreement of mutual rescission shall be binding upon the parties, their successors, assigns and personal representatives. Neither party shall have any further rights or duties thereunder. This agreement shall be enforced under the laws of the State of ____________. This is the entire agreement. Witness: (PARTY ONE)

_________________________________

______________________________ Printed Name ______________________________ (PARTY TWO) ______________________________ Printed Name

_________________________________ Witness: _________________________________ _________________________________


				
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posted:8/6/2009
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Description: An agreement between the parties of a Contract where both parties agree to release the other from the conditions and obligations of the Contract that would otherwise be enforceable by law.
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