Agreement to Terminate a Contract

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THIS DEED IS DATED:

________

(1). THE PARTIES

(1.1). Party A

________ (a company)

with the registered address of:

________


(1.2). Party B

________ (a company)

with the registered address of:

________


(2). DEED OF AGREEMENT

(2.1). Agreed definitions and interpretations

In this deed, the definitions and interpretations shall apply as set out in this Clause (Clause 2.1).

(2.1.1). The parties

Party A and Party B shall be collectively referred to as the Parties.

(2.1.2). The Contract

The Contract means the contract between the parties dated ________, a full copy of which is attached to this deed at Schedule 1.

(2.1.3). Liability

Any reference to liability includes the liability of each party arising from or in connection with the Contract, including but not limited to liability in contract or tort, whether caused by negligence, fraud or misrepresentation or any other cause recognised by law.

(2.1.4). Claims

Claims shall include any and all claims, counterclaims, indemnities, actions, demands, interests or rights of each party which arise from or in connection with the Contract.

(2.1.5). Terminology

In this deed, any words used in the singular form include the plural (and vice versa).


(2.2). Termination

Each of the Parties agrees and acknowledges that:

(2.2.1). the Contract shall be terminated from the date of ________ (the Termination Date); and

(2.2.2). from the Termination Date, the Contract shall cease to be in force and shall no longer take effect; and

(2.2.3). from the Termination Date, each party releases the other party from all obligations, duties, rights, and interests under the Contract; and

(2.2.4). from the Termination Date each party releases the other party from all future and past liability under the Contract; and

(2.2.5). from the Termination Date, each party waives all future and past claims against the other party in relation to the Contract.


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(3). EXECUTION

EXECUTED AS A DEED by the Parties and delivered on ________


(3.1). Party A

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)



SIGNATURE:

_____________________________

________ (DIRECTOR)



(3.2). Party B

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)

SIGNATURE:

_____________________________

________ (DIRECTOR)

SCHEDULE 1

A copy of the Contract dated ________ is to be attached in the space below.

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THIS DEED IS DATED:

________

(1). THE PARTIES

(1.1). Party A

________ (a company)

with the registered address of:

________


(1.2). Party B

________ (a company)

with the registered address of:

________


(2). DEED OF AGREEMENT

(2.1). Agreed definitions and interpretations

In this deed, the definitions and interpretations shall apply as set out in this Clause (Clause 2.1).

(2.1.1). The parties

Party A and Party B shall be collectively referred to as the Parties.

(2.1.2). The Contract

The Contract means the contract between the parties dated ________, a full copy of which is attached to this deed at Schedule 1.

(2.1.3). Liability

Any reference to liability includes the liability of each party arising from or in connection with the Contract, including but not limited to liability in contract or tort, whether caused by negligence, fraud or misrepresentation or any other cause recognised by law.

(2.1.4). Claims

Claims shall include any and all claims, counterclaims, indemnities, actions, demands, interests or rights of each party which arise from or in connection with the Contract.

(2.1.5). Terminology

In this deed, any words used in the singular form include the plural (and vice versa).


(2.2). Termination

Each of the Parties agrees and acknowledges that:

(2.2.1). the Contract shall be terminated from the date of ________ (the Termination Date); and

(2.2.2). from the Termination Date, the Contract shall cease to be in force and shall no longer take effect; and

(2.2.3). from the Termination Date, each party releases the other party from all obligations, duties, rights, and interests under the Contract; and

(2.2.4). from the Termination Date each party releases the other party from all future and past liability under the Contract; and

(2.2.5). from the Termination Date, each party waives all future and past claims against the other party in relation to the Contract.


(2.3). 228252822 258

5588 5225 (525 522 5882522 25 88582 5588822 252 22 25 82 8222282822 8825 828 82222228) 85588 82 22825225 82 525 822825525 82 5882555282 8825 252 8588 22 5228525 525 25828.


(2.4). 855885882822

552 2552828 52522 2552 252 825528 22 5228525 525 25828 85588 5582 258858882 255885882822 22 822282 525 5525588522 2825 522 5882522 25 88582 5588822 252 22 25 82 8222282822 8825 2588 5225.


(3). EXECUTION

EXECUTED AS A DEED by the Parties and delivered on ________


(3.1). Party A

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)



SIGNATURE:

_____________________________

________ (DIRECTOR)



(3.2). Party B

EXECUTED AS A DEED BY ________ ACTING BY ________ (DIRECTOR) AND ________ (DIRECTOR)


SIGNATURE:

_____________________________

________ (DIRECTOR)

SIGNATURE:

_____________________________

________ (DIRECTOR)

SCHEDULE 1

A copy of the Contract dated ________ is to be attached in the space below.