Employee. Words in the masculine gender include the feminine gender and vice versa. 0000001730 00000 n 0000005105 00000 n Witness _____________________________ 1. IN CONSIDERATION OF and as a condition of the Parties entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: The Parties wish to terminate the Contract and resolve any and all rights and obligations arising out of the Contract. The purchase agreement termination letter is signed by both the buyer and seller upon the cancellation of a sales contract. 0000008845 00000 n A sample letter of termination of tenancy agreement by the tenant includes the name of both parties, here the tenant and the landlord, date of the original lease agreement, and effect on the belongings of the tenant. A Contract Termination Letter refers to a legal document that is used to cancel a contract before it is fully performed by the parties involved. 5. When an employee leaves your business, it is always a good idea to ask for a general release relating to the employee's termination. The end of an agreement is as important as its beginning. Release. _____________________________ %%EOF A. termination or other claims the employee may have against the employer. It includes an optional mutual release of claims. You can choose to end things and start somewhere new. CONFIDENTIAL MUTUAL RELEASE AND TERMINATION AGREEMENT This Mutual Release and Termination Agreement (this "Termination Agreement"), dated as of September 15, 2001, is made and entered into by and between America Online, Inc. ("AOL"), with offices located at 22000 AOL Way, Dulles, Virginia 20166 and PurchasePro.com, Inc. ("PurchasePro"), a Nevada corporation with principal offices … (Section 4). This License permits Licensee to install the Software on more than one computer system, as long … Any termination or any special instructions hereunder from DISTRICT shall be made in writing. The Parties wish to terminate the Contract and resolve any and all rights and obligations arising out of the Contract. In consideration of the release set forth above, lessee hereby surrenders all rights in and to the subject leased premises. This separation agreement template lists the terms and responsibilities for an employer and employee upon termination. Try Betterteam for FREE. 0000011750 00000 n startxref 3. The lease release form (termination of lease obligation) is a legal document that by negotiation and financial settlement for monetary payment from the lessee to the lessor, discontinue the lease and both parties walk away from the previous agreement, held harmless from any further action. This agreement also sets forth any obligations which will survive the termination and the parties� mutual release from any and all actions arising under the subject contract. This agreement sets forth the date of termination and the parties and date the existing contract was signed. 0000002877 00000 n This Agreement will not be assigned either in whole or in part by any party to this Agreement without the written consent of the other Party. Use the form on the left to fill in the template. In other words, the document seeks to terminate the contract before all parties perform their respective obligations as originally required by the contract. B. 0000009236 00000 n COMPANY and NAME. 0000002792 00000 n Termination Date. TERMINATION AGREEMENT AND MUTUAL RELEASE . Section 5 refers to a waiver of Section 1542 of the California Civil Code. Termination Agreement Between. Termination agreements also go by the following names: Termination of contract; Notice of termination of contract ; Notice of cancellation of contract; Termination agreements are documents you use to note that all parties within a contract have agreed to end it. The purpose of the letter is to recognize that each party of the transaction agrees to hold each other harmless for any claim may arise from the terms stated in the purchase agreement. This TERMINATION AGREEMENT AND MUTUAL RELEASE (“Termination Agreement”) is entered into by and between MSC.Software Corporation, a corporation organized and existing under the laws of Delaware, having its principal offices at 2 MacArthur Place, Santa Ana, California 92707, United States … COMPANY, known as “ XXX ”. C���sg�n!9����6O������R �( If a law other than California is to govern, an appropriate cross reference change may be appropriate. IN CONSIDERATION OF and as a condition of the Parties entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: 2. Outstanding Obligations, 2. Licensee acknowledges that this is only a limited nonexclusive license. COMPANY. A well-drafted termination and release agreement is the definitive end of the parties’ commitments, and can help prevent future misunderstandings and disputes. Agreement. Effective as of [INSERT month + date + year](the "Termination Date"), the Company and the Employee agree to terminate (i) the Employee's employment by the Company and of any positions whatsoever, held currently by the Employee or which may have been held by the Employee at any time previously in any division within the Company, (ii) Employee's employment [agreement or letter]with the Company dated … ”) made this __ day of ______, 2___ (the “. The Parties submit to the jurisdiction of the courts of the State of New South Wales for the enforcement of this Agreement or any arbitration award or decision arising from this Agreement. 13. HOW TO CUSTOMISE THE TEMPLATE. Words in the singular mean and include the plural and vice versa. Statements or representations which may have been made by any Party in the negotiation stages of this Agreement may in some way be inconsistent with this final written Agreement. Release: The release includes release of known and unknown claims. Notice . This TERMINATION AND RELEASE AGREEMENT, dated as of March 23, 2018 (this “Agreement”), by and among UNITED STATES DEPARTMENT OF ENERGY (“DOE”), PLAINS AND EASTERN CLEAN LINE HOLDINGS LLC, a limited liability company organized under the laws of the State of Delaware, ARKANSAS CLEAN LINE LLC, a limited liability company organized under the laws of the State of Delaware, …
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