Mutual cancellation of contract agreement

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Key features

This is a simple agreement to cancel any legal contract and avoid claims being made by either party against the other, in the future.
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  • Length:1 pages (275 words)
  • Available in:
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About this document

This mutual cancellation agreement formalises the cancellation of any agreement or contract and safeguards the interests of the parties. It will most frequently be used post 'fall out' of the parties – that is, disagreement, for whatever reason. Where 'termination' is provided for in the original document, this mutual cancellation agreement overwrites those provisions.

The document has been drawn with the presumption that there prevails enough goodwill among the parties to deal sensibly with the process of calling off an existing contract. If the parties are beyond simple negotiation, they should seek professional help with dispute resolution.

Application and features

  • Very flexible to suit most eventualities;
  • Suitable for any type of business, agreement or contract;
  • Extensive explanatory notes;
  • Appropriate legal provisions, warranties and exclusions.

Contents

  • Background;
  • Effective date of cancellation;
  • Agreement terms, including payoff and completion dates;
  • Exceptions;
  • Reasonableness;
  • Future cooperation.
Sample mutual cancellation of contract agreementFront cover

Recent reviews

Well Written
01 September 2013
Well written
Henrik Bendtsen
Review of the Australian version
Used before, great
26 April 2018
Excellent service, which I have used on previous occasions. Great choice of documents too.
Hazel Croft Phillips
Review of the United Kingdom version
Customisable agreement
14 March 2018
The agreement provided a good framework that allowed it to be adjusted to suit the required purpose. The wording was in plain English and easy to understand. Access to the agreement was easy and fast and the cost was very reasonable. I would use the Net Lawman service again.
Vaughan Maybury
Review of the New Zealand version

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