Release Agreement


Summary

This Release Agreement form can be used by parties to a commercial contract when they have agreed to terminate their agreement and to provide mutual releases of all claims related to the terminated agreement. This form includes practical guidance, drafting notes, alternate clauses, and optional clauses.The agreement includes terms addressing, among other items, the consideration for the termination; a broad, mutual release of all claims relating to the terminated contract; the effect of termination; representations; no admissions of liability; as well as standard terms traditionally found in commercial agreements.