Mutual Rescission and Release Agreement Style 4

A mutual rescission and release agreement is a simple and efficient way to end a contract, at least so long as all of the parties to the original contract can agree. If there is disagreement about whether the contract should be terminated, signatories may want to try and find a mutually beneficial way to wind down contractual obligations. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. Use of Rocket Lawyer is subject to our Terms of Service and Privacy Policy. Rocket Lawyer provides information and software only. Rocket Lawyer is not a "lawyer referral service" and does not provide legal advice or participate in any legal representation. And we also offer separation agreement templates, in case you’re seeking for an agreement form of this type. Mondaq.com (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). (LC § 5001) Therefore, it is perfectly permissible to submit the C&R to the court and simultaneously petition the court NOT to approve the C&R based on a showing of “good cause,” i.e., fraud, mutual mistake of fact, duress or undue influence. The caveat in these types of cases is that all parties to the agreement must be afforded their due process rights before one of the parties may be allowed to withdraw.

Show More

Share this Template:

More templates from this category…

Search
Generic filters
Filter by Custom Post Type
Filter by Categories
Business Formation
Business Management
Business Operations
Business Property
Client and Customer
Construction
Employment
Event
Event & Project Management
Financial
Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
Personal Lists, Tracker & Calculator
Real Estate
Website & Services
Will & Estate Planning
Filter by Apps
Excel
Word

Templates by Word

Mutual Rescission and Release Agreement Style 4

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. When both parties want to invalidate an agreement that neither has fulfilled completely, and to release all of their related obligations and rights under that agreement, they may use a rescission to meet these objectives. If one or both parties have completed key tasks required of them under the agreement, a different remedy is generally required (often a claim for restitution). Rescission "turns back the clock" and puts each party back in the position they held before the agreement became effective. It is, as some courts have said, the un-making of a contract. When both parties want to invalidate an agreement that neither has fulfilled completely, and to release all of their related obligations and rights under that agreement, they may use a rescission to meet these objectives. If one or both parties have completed key tasks required of them under the agreement, a different remedy is generally required (often a claim for restitution).

Show More

Share this Template:

More templates from this category…

Search
Generic filters
Filter by Custom Post Type
Filter by Categories
Business Formation
Business Management
Business Operations
Business Property
Client and Customer
Construction
Employment
Event
Event & Project Management
Financial
Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
Personal Lists, Tracker & Calculator
Real Estate
Website & Services
Will & Estate Planning
Filter by Apps
Excel
Word

Templates by Word