Mutual Rescission of Contract

MUTUAL RESCISSION OF CONTRACT

This Agreement of mutual rescission of a contract made and entered into this ____ day of _______________, 20___, by and between ____________________________ [party 1] and ______________________________ [party 2].

The parties hereby mutually acknowledge and agree that:

1.  On __________________, 20___, the parties entered into a contract, which is attached and marked Exhibit A.

2.  The parties to that contract and to this agreement of mutual rescission wish to rescind that contract.

Therefore, in consideration of the mutual covenants of the parties, the parties hereby rescind the aforementioned contract effective as of this day first written above.  This agreement of mutual rescission shall be binding upon the parties, their successors, assigns and personal representatives.  Neither party shall have any further rights or duties thereunder.

This agreement shall be enforced under the laws of the State of __________________. This is the entire agreement.

[PARTY 1:]                                                                    [PARTY 2:]

_________________________________                          _________________________________
[signature above/typed name below]                                [signature above/typed name below]

[WITNESS 1:]                                                                [WITNESS 2:]
 

_________________________________                          _________________________________
[signature above/typed name below]                                [signature above/typed name below]