MUTUAL
RELEASE
This
mutual release, executed on __________ (date), between ____________________
________________________________________
(name) of _____________________
_______________________________________
(address), and ___________________
_______________________
(name), of ______________________________________
(address),
is intended to effect the extinguishment of obligations as herein designated,
___________ (as provided by _________________________ (cite statute that
specifies legal consequences of a release)).
RECITALS
A. Disputes and differences have arisen between
the parties with respect to the following described event that occurred on
__________ (date): ___________________
______________________________________________________________
(specify event) or that certain contract entered into by the parties on
___________ (date), a copy of which is attached hereto and made a part hereof
or as the case may be).
B. The parties have agreed to execute this
mutual release in settlement of such disputes and differences.
In
consideration of the mutual relinquishment of their respective legal rights
with reference to the above-mentioned disputes and differences, in
consideration of the execution of this mutual release, and in consideration of
the payment by ________________________________ (name) to
______________________ (name) of $ __________, receipt of which by
_______________________________ (name) is acknowledged, each party, for
__________ (himself or herself or himself and herself or as the case may be)
and __________ (his or her or his and her or as the case may be) heirs and
legal representatives, expressly releases the other, and __________ (his or her
or his and her or as the case may be) heirs and legal representatives, from all
liability for claims and demands arising out of the above-described
_______________________ (event or contract or as the case may be).
In
witness whereof, the parties have executed this mutual release at
________________ ____________________ (designate place of execution) on the day
and year first above written.
_____________________________________ _______________________
Signature Date
_____________________________________ _______________________
Signature Date
(Acknowledgments)
(Attach
copy of contract)
