Contracts & agreements
Mutual termination agreement template (US)
A general template under US law. Laws differ from state to state, so check it against your state's law or with a lawyer licensed there. We are not a law firm and do not give legal advice.
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Preview — US standard
Mutual Termination Agreement
This Agreement is made on Termination Agreement Date between First Party Name and Second Party Name.
1. Original Agreement
The parties signed Name of Original Agreement, dated Original Agreement Date (the "Original Agreement").
2. Termination
The parties agree to end the Original Agreement on Termination Date.
3. Final Obligations
Before or on that date: Final Obligations such as payments, returned property and deliverables. Terms of the Original Agreement meant to last after it ends, such as confidentiality, stay in effect: Surviving Terms.
4. Mutual Release
Once the final obligations are met, each party releases the other from all claims arising from the Original Agreement that exist on the Termination Date, whether known or unknown, except claims to enforce this Agreement, and claims for fraud. Some states require specific wording to release unknown claims, and an employee's release of age discrimination claims must meet federal requirements (29 U.S.C. § 626(f)); this form is not meant for ending employment.
5. General
Each party confirms it has authority to sign and has not assigned any released claim. This Agreement is governed by the laws of the State of Governing State, is the parties' entire agreement on this subject, and may be signed in counterparts and electronically.
| First Party | Second Party |
| --- | --- |
| Signature: First Party Signature | Signature: Second Party Signature |
| Name: First Party Printed Name | Name: Second Party Printed Name |
| Date: First Party Signing Date | Date: Second Party Signing Date |