Download now Free registration required
Mutual rescission, or rescission by agreement, is a discharge of both parties from the obligations of a contract by a new agreement made after the execution of the original contract but prior to its performance. Rescission by mutual assent is separate from the right of one of the parties to rescind or cancel the contract for cause, or pursuant to a provision in the contract. The rescission agreement can be either written or oral. An express rescission of a contract as a whole is adequate and effective, without specifically designating each and every clause to be rescinded. This is a template which can be used for mutual rescission of contract.
- Format: Other Download
- Size: 0 KB