Description
This Termination of Agreement and Release is a 5-page international template designed to terminate an existing agreement between two parties while releasing both from future obligations. It provides a structured approach to ensure that both parties agree on the terms of termination, any related fees, and any ongoing responsibilities.
Key features include:
- Purpose & Termination: Outlines the specific agreement being terminated and ensures both parties mutually agree to end their obligations.
- Mutual Release: Provides a full release of liabilities, ensuring neither party has future claims or obligations under the terminated agreement.
- Termination Fee: Includes provisions for a termination fee, detailing how and when the payment will be made.
- Confidentiality & Communication: Specifies terms for communicating the termination and prevents disclosure without consent from both parties.
- Dispute Resolution: Includes mediation and arbitration clauses to handle any disputes arising from the termination.
This international template is ideal for businesses, legal professionals, and individuals looking for a formal and clear way to terminate contracts while ensuring all obligations are released. It is suitable for use across multiple jurisdictions.
