Mutual Rescission of Contract

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Agreement used by two parties to mutually cancel or rescind a contract.

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A mutual rescission of contract is an agreement between two or more parties to terminate their respective duties and obligations under a contract. Basically, with this type of agreement all the parties are agreeing to cancel the original contract. Because this is a mutual rescission of contract, all parties to the contract that is to be rescinded must sign the rescission for it to be valid.

This form can be used is all states.

This package contains: (1) Instructions and Checklist for the Mutual Rescission of Contract; (2) Information about the Mutual Rescission of Contract; and (3) The Mutual Rescission of Contract (the "Agreementƒ)
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Mutual Rescission of Contract

 

 
This Mutual Rescission of Contract (this “Agreement”) is entered into as of ______________________, 20___ by and between ____________________________  and _______________________________  (collectively to be referred to as the “Parties”).
 
 
WHEREAS, the Parties entered into that certain contract dated _________________ , 20__, attached hereto as Exhibit A  (the “Contract”); and
 
WHEREAS, the Parties wish to rescind the Contract.
 
NOW, THEREFORE, the Parties hereby agree as follows:
 
 
The Contract is rescinded as of the date of this Agreement.  Neither party shall have any further rights, obligations or duties under the Contract.  
 
This Agreement shall be governed by and construed in accordance with the laws of the State of ___________________________________.
 
 
_____________________________         ______________________________
(Signature)                           (Signature)
_____________________________         ______________________________
(Name)                              (Name)
_____________________________         ______________________________
(Position, if applicable)                  (Position, if applicable)
 
 
 
 
EXHIBIT A
 
CONTRACT
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#20475
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Mutual Rescission of Contract

 

 
This Mutual Rescission of Contract (this “Agreement”) is entered into as of ______________________, 20___ by and between ____________________________  and _______________________________  (collectively to be referred to as the “Parties”).
 
 
WHEREAS, the Parties entered into that certain contract dated _________________ , 20__, attached hereto as Exhibit A  (the “Contract”); and
 
WHEREAS, the Parties wish to rescind the Contract.
 
NOW, THEREFORE, the Parties hereby agree as follows:
 
 
The Contract is rescinded as of the date of this Agreement.  Neither party shall have any further rights, obligations or duties under the Contract.  
 
This Agreement shall be governed by and construed in accordance with the laws of the State of ___________________________________.
 
 
_____________________________         ______________________________
(Signature)                           (Signature)
_____________________________         ______________________________
(Name)                              (Name)
_____________________________         ______________________________
(Position, if applicable)                  (Position, if applicable)
 
 
 
 
EXHIBIT A
 
CONTRACT
 
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