Mutual Release of Contract Claims
Party 1:	____________________
Address:	____________________
____________________
Party 2:	____________________
Address:	____________________
____________________
1. We voluntarily and knowingly sign this mutual release with the intention of eliminating the liabilities and obligations described below.
2. Disputes and differences have arisen between us with respect to an agreement entered into between us on ________________ [date], under which we agreed to the following: ________________________.
This agreement is hereby made a part of this release and incorporated by reference. A copy of the agreement (if written) is attached to this release.
3. We each hereby expressly release the other from all claims and demands, known and unknown, arising out of the agreement specified in Clause 2. Each party understands that, as to claims that are known to that party when the release is signed, any statutory provisions that would otherwise apply to limit this general release are hereby waived. Each party also understands that this release extends to claims arising out of this incident that are not known at the time this release is signed.
4. This release additionally applies to our heirs, legal representatives, and successors and is binding on our spouses, heirs, legal representatives, assigns, and anyone else claiming under us. Neither of us has assigned to another party any claim arising under or out of the contract specified in Clause 2.
5. The value (consideration) for this mutual release binds our mutual agreement to forgo our respective legal rights with reference to the disputes and differences described above.
6. We also agree that the contract specified in Clause 2 shall be and is hereby rescinded, terminated, and canceled as of ________________. [date]

_____________________________________________	__________________
Party 1's signature	Date

_____________________________________________	__________________
Print name	County of residence

_____________________________________________	__________________
Party 1's spouse's signature	Date

_____________________________________________	__________________
Print name	County of residence

_____________________________________________	__________________
Party 2's signature	Date

_____________________________________________	__________________
Print name	County of residence

_____________________________________________	__________________
Party 2's spouse's signature	Date

_____________________________________________	__________________
Print name	County of residence

Certificate of Acknowledgment of Notary Public

State of _______________________________	)
	)	ss
County of _____________________________	)

On _____________________, before me, ______________________________, a notary public in and for said state personally appeared ___________________ ________________________, known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument, and acknowledged to me that he or she executed the same in his or her authorized capacity and that by his or her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.
	WITNESS my hand and official seal.
	_____________________________________
	Notary Public for the State of ______________
	My commission expires __________________
[NOTARY SEAL]