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Agreement to Terminate a Contract - Template Form

THIS DEED IS DATED:

________

(1). THE PARTIES

(1.1). Party A

________ (a company)

with the registered address of:

________


(1.2). Party B

________ (a company)

with the registered address of:

________


(2). DEED OF AGREEMENT

(2.1). Agreed definitions and interpretations

In this deed, the definitions and interpretations shall apply as set out in this Clause (Clause 2.1).

(2.1.1). The parties

Party A and Party B shall be collectively referred to as the Parties.

(2.1.2). The Contract

The Contract means the contract between the parties dated ________, a full copy of which is attached to this deed at Schedule 1.

(2.1.3). Liability

Any reference to liability includes the liability of each party arising from or in connection with the Contract, including but not limited to liability in contract or tort, whether caused by negligence, fraud or misrepresentation or any other cause recognised by law.

(2.1.4). Claims

Claims shall include any and all claims, counterclaims, indemnities, actions, demands, interests or rights of each party which arise from or in connection with the Contract.

(2.1.5). Terminology

In this deed, any words used in the singular form include the plural (and vice versa).


(2.2). Termination

Each of the Parties agrees and acknowledges that:

(2.2.1). the Contract shall be terminated from the date of ________ (the Termination Date); and

(2.2.2). from the Termination Date, the Contract shall cease to be in force and shall no longer take effect; and

(2.2.3). from the Termination Date, each party releases the other party from all obligations, duties, rights, and interests under the Contract; and

(2.2.4). from the Termination Date each party releases the other party from all future and past liability under the Contract; and

(2.2.5). from the Termination Date, each party waives all future and past claims against the other party in relation to the Contract.


(2.3). Governing law and jurisdiction


(2.4). Entire agreement


(3). EXECUTION

EXECUTED AS A DEED by the Parties and delivered on ________


(3.1). Party A

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)



SIGNATURE:

_____________________________

________ (DIRECTOR)



(3.2). Party B

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)

SIGNATURE:

_____________________________

________ (DIRECTOR)

SCHEDULE 1

A copy of the Contract dated ________ is to be attached in the space below.

Fields you complete are inserted into the document live. This template is general guidance only - not legal advice.