Mutual Rescission of Contract

Both sides to a contract can mutually cancel (rescind) an agreement with this free form. After the form is signed, neither party will have any rights or duties under the contract that they have now dissolved.

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MUTUAL RESCISSION OF CONTRACT

This Agreement of Mutual Rescission of a Contract is made and entered into this _____ day of ______________, 20____, by and between _______________________________ [Name of Party #1], of _____________________________________ [address] and _____________________ [Name of Party #2], of ________________________________ [address].

The parties recite and declare that:

A. On __________, 20_____, the parties entered into a contract for the purpose of ________________________ [describe the contract between the parties], 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The above-mentioned contract is hereby rescinded as of this day first above written, and neither party shall have any further rights or duties thereunder.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.

[NAME OF PARTY #1] [NAME OF PARTY #2]



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Witness Witness

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