Mutual Cancellation of Contract

Mutual Cancellation of Contract : Please fill out the following form. Please print your completed form if you would to have a copy for your records.

BE IT KNOWN, that for value received, that the undersigned (name of the first party to the contract) and being parties to a certain contract dated (Date of the original contract) whereas said contract provides for :

(Purpose of the original contract) do hereby mutually cancel and terminate said contract, effective this date.

We further provide that said termination shall be without further recourse by either partyagainst the other and this document shall constitute mutual releases of any further obligationsunder said contract, all to the same extent as if said contract had not been entered into in the firstinstance, provided the parties shall herewith undertake the below described acts to terminate saidcontract, which obligations, if any, shall remain binding, notwithstanding this agreement tocancel.

Signed the day and year first above written.

Signed in the presence of :

Witness :

Witness :

First Party :

Second Party :

Basic Agreement Forms Index

Mutual Cancellation of Contract