MUTUAL RELEASE
This mutual release, executed on [date], between [name of first
party] of [address] , City
of , County of , State of ,
and [name of second party] of [address] , City of , County of
, State of , is
intended to effect the elimination of any
obligations by either party as hereinafter designated.
Whereas, disputes and differences have arisen between the
parties with
respect to that certain contract entered into by said parties and
executed on [date] , a copy of which is attached hereto as Exhibit
A,
both parties have agreed to settle said disputes and differences
by
executing this mutual release.
Whereas, both parties recognize that by the execution of
this mutual
release, they are relinquishing their respective legal rights with
reference to the herein mentioned disputes and differences, both
parties
agree that in consideration of this execution of this mutual
release,
and for the added consideration of the payment of [amount]
Dollars,
($
) by [name of first party] to [name of second party] , receipt of
which
is hereby acknowledged, and the payment of [amount] Dollars,
($ ) by
[name of second party] to [name of
first party], receipt of which is
hereby acknowledged, each party for his heirs and assigns, expressly
releases the other party, and his heirs and assigns, from all
liability
for claims and/or demands which may arise from that certain
contract
referenced herein and attached hereto.
In witness whereof the parties have executed this mutual
release at
[place of execution] on the day and
year stated above.
/S/_________________________
/S/_________________________