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Contract for Mutual Rescission of Contract
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of the mutual covenants of the parties hereto, the parties agree as follows: The above-mentioned contract is hereby rescinded as of this day first above written, and neither party shall have any further rights or duties thereunder.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
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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.
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