MUTUAL RELEASE

 
This mutual release,
executed on [date]___________, between
[name of first party] _________________________________
of [address] ___________________________, City of ______________________,
County of ____________________, State of ____________________, and
[name of second party] ______________________________
of [address] ___________________________, City of ______________________,
County of ____________________, State of ____________________, is
intended to effect the elimination of any obligations by either party as hereinafter designated.

Whereas, disputes and differences have arisen between the parties with respect to that certain contract entered into by said parties and executed on [date] ________, a copy of which is attached hereto as Exhibit A, both parties have agreed to settle said disputes and differences by executing
this mutual release.

Whereas, both parties recognize that by the execution of this mutual release, they are relinquishing their respective legal rights with reference to the herein mentioned disputes and differences, both parties agree that in consideration of this execution of this mutual release, and for the added
consideration of the payment of [amount] _______________________ Dollars, ($________)
by [name of first party] _______________________________________ to
[name of second party] _______________________________________, receipt of which is hereby acknowledged, and the payment of [amount] __________________ Dollars, ($______ ) by [name of second party] _______________________________ to
[name of first party] ____________________________________, receipt of which is hereby acknowledged, each party for his heirs and assigns, expressly releases the other party, and his heirs
and assigns, from all liability for claims and/or demands which may arise from that certain contract referenced herein and attached hereto.

In witness whereof the parties have executed this mutual release at
[place of execution] _________________________________________ on the day and year stated above.

Witnesses

_____________________________ __________________________ (Seal)

_____________________________ __________________________ (Seal)

State of __________________ )
County of ________________ )

This day, before me, a Notary Public in said County, personally came ______________, and _____________________, and acknowledged the signing of this document to be a voluntary act.

IN WITNESS WHEREOF I have hereunto set my hand and official seal.

My commission expires: __________________

___________________________
Notary Public

 



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