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Contract for Mutual Rescission of Contract

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This is a basic contract for mutual rescission of a contract. You may copy it into your word processor.

MUTUAL RESCISSION OF CONTRACT

This Agreement of mutual rescission of a contract made and entered into this _(1)_ day of ______(2)_________, 19__(3)__, by and between ________(4)_________, of ___________(5)___________, and _______(6)__________, of ___________(7)___________.

The parties recite and declare that:

A. On _________(8)_________, 19__(9)_, the parties entered into a contract, which contract is attached hereto and marked Exhibit A.

B. The parties to that contract and to this agreement of mutual rescission desire to rescind that contract.

For the reasons set forth above, and in consideration of the mutual covenants of the parties hereto, the parties agree as follows:

The above-mentioned contract is hereby rescinded as of this day first above written, and neither party shall have any further rights or duties thereunder.

____________(10)_______________ _____________(11)_____________

____________(10)_______________

Witnesses

____________(10)_______________ _____________(12)_____________

____________(10)_______________

Witnesses

 

 

NOTICE

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

 

Legal Resources

 

Legal (General)

Affidavits

Business Law

Commercial Code

Contracts

Ethics

Legal Forms

Taxes

Wills

 

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