Mutual Termination Agreement

# Mutual Termination Agreement **Date:** ___________ This Mutual Termination Agreement ("Agreement") is entered into by and between: **Party A:** ___________ ("Party A") **Party B:** ___________ ("Party B") (collectively, the "Parties") ## 1. Original Agreement The Parties wish to terminate the following agreement: **Title of Original Agreement:** ___________ **Date of Original Agreement:** ___________ **Reference or Contract Number (if applicable):** ___________ (the "Original Agreement") ## 2. Recitals WHEREAS, the Parties entered into the Original Agreement on the date specified above; and WHEREAS, the Parties mutually desire to terminate the Original Agreement and release each other from all further obligations thereunder; NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: ## 3. Termination The Original Agreement is hereby terminated effective ___________. **Specified termination date (if applicable):** ___________ ## 4. Reason for Termination