LegalDocs

Mutual Rescission and Release Agreement - Template Form

✓ Valid in United States

Create your Mutual Rescission and Release Agreement - Template Form for use in United States. Answer a few plain-English questions and the document fills in automatically as you go — then download it in Word and PDF, ready to sign or share.

  • Answer 11 simple questions — the document fills in as you go
  • Live preview: watch your document update in real time
  • Download as Word (.docx) and PDF
  • Edit your answers and re-download anytime
Save to access it later, on any device.

Fill in the details

0/11

Type below — the document on the right updates as you go.

Mutual Rescission and Release Agreement - Template Form
🔒The clauses below are blurred in the preview. Fill in your details, then pay once to unlock the full document and download it as Word & PDF.

Mutual Rescission and Release Agreement

State of Alabama

This Mutual Rescission and Release Agreement, hereinafter referred to as "Rescission," is entered into and made effective as ________ by and between the following parties:

________, a corporation, incorporated under the laws of the state of Alabama, having its principal place of business at the following address:

________

and

________, a corporation, incorporated under the laws of the state of Alabama, having its principal place of business at the following address:

________

Here "Party A" will refer to and be used to describe the following party: ________. "Party B" will refer to and be used to describe the following party: ________.

Party A and Party B may be referred to individually as "Party" and collectively as the "Parties."

RECITALS:

WHEREAS, Party A and Party B entered into a contract with each other entitled as follows: Sales Agreement ("Contract");

WHEREAS, the Contract was regarding the following subject matter:

________

WHEREAS, the Contract was executed on ________ and is hereto attached as Exhibit A;

WHEREAS, Party A and Party B acknowledge and agree that each desires to rescind the Contract, and neither has fully performed its obligations under the Contract;

WHEREAS, Party A and Party B, as the only parties to the Contract, hereby agree to fully rescind the Contract and release each other from any remaining duties or obligations;

NOW, therefore, in consideration of the promises and covenants contained herein, as well as other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties do hereby agree as follows:

Article 1 - RESCISSION:


Article 2 - RELEASE:


EXECUTION:


Party A Name: ________

Representative Name:________________________

Representative Signature:_____________________

Representative Title:_________________________

Date:_____________________________________


Party B Name: ________

Representative Name:________________________

Representative Signature:_____________________

Representative Title:_________________________

Date:_____________________________________

Exhibit A

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