MUTUAL RELEASE LETTER – free business letters legal forms

MUTUAL LETTER OF RELEASE

This mutual release, executed on [date], between [name of first party] of [address], City of, Shire of, State of, and [name of second party] of [address], City of , Shire 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.

/S/_________________________

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