The Mutual Termination Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable examples.
Mutual Termination Agreement Template UK Editable – PrintableSample
Mutual Termination Agreement Template UK 1. Parties Information 2. Relation Details 3. Termination Date 4. Financial Settlements 5. Responsibilities of Parties 6. Waiver of Claims 7. Governing Law 8. Entire Agreement 9. Signatures and Agreement
PDF
WORD
Examples
[Name of the First Party]
[First Party’s ID]
[First Party’s Address]
[First Party’s Phone]
[First Party’s Email]
[Name of the Second Party]
[Second Party’s ID]
[Second Party’s Address]
[Second Party’s Phone]
[Second Party’s Email]
This agreement outlines the terms under which both parties mutually agree to terminate their existing agreement dated [Original Agreement Date], effective from [Termination Date].
The parties acknowledge that they have entered into a prior agreement concerning [Brief description of prior agreement, e.g., services, partnership] and that mutual challenges have arisen, necessitating termination.
Both parties agree that the reasons for this mutual termination include [List specific reasons, e.g., changes in business circumstances, mutual dissatisfaction, etc.].
Both parties mutually release each other from all claims and obligations arising out of the previous agreement as of the effective date of termination.
Any outstanding obligations, payments, or services provided prior to the termination date shall be settled as follows: [Specify any final payments, deliverables, or other arrangements].
Both parties agree that any confidential information exchanged during the term of the previous agreement shall remain confidential and not be disclosed to third parties without prior written consent.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the First Party]
[Name of the First Party]
[Signature of the Second Party]
[Name of the Second Party]
[Name of the First Party]
[First Party’s ID]
[First Party’s Address]
[First Party’s Phone]
[First Party’s Email]
[Name of the Second Party]
[Second Party’s ID]
[Second Party’s Address]
[Second Party’s Phone]
[Second Party’s Email]
This agreement serves as a formal understanding between the parties to terminate their original agreement dated [Original Agreement Date], effective [Termination Date], with mutual consent.
Both parties acknowledge the prior agreement and the surrounding circumstances that have led to this mutual termination.
The parties agree to settle any accounts payable and receivable as follows: [Detail payment procedures, final invoices, and any remaining obligations].
The parties mutually agree to release and discharge any claims they may have against each other arising from the previous agreement.
All parties involved shall continue to adhere to confidentiality obligations previously established and shall not disclose any proprietary information.
Both parties may discuss potential future collaborations under different terms, but neither party is obligated to engage with the other.
This agreement is governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the First Party]
[Name of the First Party]
[Signature of the Second Party]
[Name of the Second Party]
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