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State of __________ |
Rev. 133A0D6 |
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Mutual Release |
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This Mutual Release (this "Release") is made this __________, by and between __________, at __________, __________, __________, __________ (“__________”) and __________, at , __________, __________, __________ (“__________”).
1. Both parties mutually release and forever discharge the other party including the other party’s affiliates, successors and assigns, officers, employees, representatives, partners, agents and anyone claiming through them, in their individual and/or corporate capacities from any and all claims, liabilities, obligations, promises, agreements, disputes, demands, damages, causes of action of any nature and kind, known or unknown, which the party has or ever had or may in the future have against the other party arising out of or relating to: __________ (“Claims”).
2. The consideration for this Release is the mutual waiver by both parties of their respective legal rights regarding the dispute and difference described herein and __________ will provide __________ a payment in the amount of __________ and __________ will provide __________ a payment in the amount of __________. By executing this Release, the parties agree to accept the payments as full and complete settlement and satisfaction of any present and prospective claims.
3. This Release shall not be in any way construed as an admission by either party that it has acted wrongfully with respect to the other party or any other person, that it admits liability or responsibility at any time for any purpose, or that either party has any rights whatsoever against the other party.
4. This Release shall be binding upon and inure to the benefit of the parties and their respective heirs, administrators, personal representatives, executors, successors and assigns. Both parties have the authority to release the Claims and have not assigned or transferred any Claims to any other party or person. The provisions of this Release are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. This Release constitutes the entire agreement between the parties and supersedes any and all prior oral or written agreements or understandings between the parties concerning the subject matter of this Release. This Release may not be altered, amended or modified, except by a written document signed by both parties. The terms of this Release shall be governed by and construed in accordance with the laws of the State/Commonwealth of __________.
5. Both parties represent they fully understand their right to review all aspects of this Release with attorneys of their choice, that they have had the opportunity to consult with attorneys of their choice, that they have carefully read and fully understand all the provisions of this Release and that they are freely, knowingly and voluntarily entering into this Release.
SIGNATURES
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Signature of __________ |
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Date |
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Printed Name of __________
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Signature of __________ |
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Date |
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Printed Name of __________ |
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