Free template
Mutual Termination Agreement
End contracts fairly and clearly with this Mutual Termination Agreement Template.
Downloaded 4177 times
Mutual Termination Agreement Template
This Mutual Termination Agreement (“Agreement”) is made on [Date], by and between:
Party A: [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]
Party B: [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]
Together referred to as the “Parties.”
1. Background
The Parties entered into a contract titled “[Original Agreement Name]” dated [Original Agreement Date] (the “Original Agreement”). The Parties now wish to terminate the Original Agreement under the terms set forth below.
2. Termination of Agreement
Effective [Termination Date], the Original Agreement shall be terminated and have no further force or effect, except as expressly provided herein.
3. Settlement of Obligations
Party A shall pay to Party B: $[Amount] (if applicable).
Party B shall return to Party A: [Assets, documents, or property].
Both Parties agree that all outstanding invoices up to the Termination Date shall be settled within [X days].
4. Release of Claims
Each Party hereby releases the other from any claims, demands, or causes of action arising out of the Original Agreement, except for obligations that expressly survive termination.
5. Surviving Provisions
The following provisions of the Original Agreement shall survive termination:
Confidentiality obligations
Indemnification clauses
Dispute resolution provisions
[Other specified obligations]
6. Confidentiality
Both Parties agree to maintain the confidentiality of any proprietary information obtained under the Original Agreement, even after termination.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
8. Entire Agreement
This document constitutes the entire understanding of the Parties regarding termination and supersedes all prior communications.
Signatures
Party A: ____________________________ Date: _________
Name/Title: _________________________________________
Party B: ____________________________ Date: _________
Name/Title: _________________________________________
Generate
Generate
Generate
Mutual Termination Agreement
Mutual Termination Agreement
Mutual Termination Agreement
in seconds with AI
in seconds with AI
in seconds with AI
Save time and avoid mistakes!
Try for Free
Details
Learn more about
Mutual Termination Agreement
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
MUTUAL TERMINATION AGREEMENT FAQ
What is a Mutual Termination Agreement?
A Mutual Termination Agreement is a legal document that ends an existing contract by mutual consent of both parties, releasing them from further obligations while often addressing issues like payments, liabilities, and confidentiality.
Why is a Mutual Termination Agreement important?
It prevents disputes by providing a written record of termination terms. It also ensures clarity on outstanding obligations such as payments, asset returns, or confidentiality, protecting both parties from future claims.
When should you use a Mutual Termination Agreement?
Use it when both parties agree to discontinue a contract before its natural expiration—whether due to business changes, non-performance, or shifting priorities.
What should a Mutual Termination Agreement include?
It should identify the original contract, termination date, obligations that survive termination (such as confidentiality or indemnities), settlement of payments, and a release of claims.
Does a Mutual Termination Agreement erase all prior obligations?
Not necessarily. Many agreements preserve certain obligations—such as non-disclosure, indemnities, or dispute resolution—even after termination. The agreement should specify which obligations survive.
Need a customized Mutual Termination Agreement?
Use our AI-powered builder to generate a tailored Mutual Termination Agreement in minutes—professional, detailed, and ready to use.
Similar templates
Other templates from
B2B Legal Documents
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime