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National contract-exit form
See the top of the actual agreement before you buy. When both sides want out, this one-page instrument ends a contract by mutual agreement: it identifies the earlier contract by date — which you attach as Exhibit A — rescinds it effective as of the date written at its head, and closes out both parties’ rights and duties under it — signed by both parties with two witness lines. Word for editing; PDF for printing.
This download includes the rescission in both Word and PDF. Use the Word version to name the parties, date the earlier contract, and set the governing-law state; the PDF is formatted for printing and reference.
See the top of the actual one-page agreement below — the parties and the recitals identifying the contract. Your complete editable download (Word and PDF) — the operative rescission clause, the governing-law line, and the party and witness signature blocks — is delivered after checkout.
Legal currency, verified
The one-page instrument for ending a contract when both sides agree to walk away: it identifies the earlier contract by date — which you attach as Exhibit A — rescinds it by mutual agreement effective as of the date written at its head, and provides that neither party has any further rights or duties under it — executed by both parties with two witness lines. The top of the actual one-page agreement is previewed above before purchase.
Rescission unwinds the contract — it does not settle the past. This instrument ends both parties' rights and duties going forward, but it is deliberately silent on two things: it does not order the return of money, property, or work already exchanged, and it does not expressly address claims for breaches that already happened — its only words are that neither party has "any further rights or duties" under the contract, so if accrued claims need settling or preserving, say so in writing. If the unwind requires restitution or a settlement of accrued claims, write those terms in — the entire-agreement clause means anything not written into the document is out. Both parties must sign: a one-sided exit is termination under the contract's own terms, which is a different analysis. Attaching the rescinded contract as Exhibit A matters more than it looks — it removes any later dispute about which agreement was ended, especially where the parties have more than one contract between them.
The preamble naming both parties; the recitals — the earlier contract identified by its date and attached as Exhibit A, and the parties' mutual wish to rescind it; the operative clause, which rescinds the contract effective as of the date written at its head and ends all further rights and duties under it; the clause binding successors, assigns, and personal representatives; the governing-law blank and entire-agreement line; and the signature blocks for both parties with two witness lines.
The rescission in editable Word and print-ready PDF — one page with the party names, the contract date, the governing-law state, and the signature and witness lines to complete; you attach the contract being rescinded as Exhibit A.
This form is not legal advice. It is a national instrument; consult a licensed attorney in your state for advice about your situation. Where money has already changed hands or a breach has already occurred, the restitution and release questions are exactly what to review with counsel.
ILRG is committed to top-quality legal forms. If you are not 100 percent satisfied after purchase, contact us for a full refund.
An agreement by both parties to cancel their contract — the reverse of forming it. This instrument identifies the earlier contract by its date, attaches it as Exhibit A, and rescinds it by mutual agreement effective as of the date written at its head.
Yes — rescission by agreement is mutual by definition, and this instrument closes with signature lines for both parties plus two witnesses. If only one side wants out, the question becomes termination under the contract’s own terms or breach analysis — a different document, and usually advice territory.
The instrument is silent — it ends future rights and duties but orders no restitution. If the unwind requires returning payments, deposits, or property, write those terms into the document or a companion settlement; the entire-agreement clause excludes anything not written in.
Not expressly — it says only that neither party has “any further rights or duties” under the contract, which leaves accrued claims unaddressed either way. If either side needs accrued claims settled — or expressly preserved — say so in writing in the same settlement; our Covenant Not to Sue settles a claim while expressly preserving claims against everyone else.
Identification. Attaching the rescinded contract removes any later dispute about which agreement was ended — important whenever the parties have more than one contract between them.
No notary block is included or generally required for a rescission; the two witness lines give the execution evidentiary weight. If the rescinded contract was recorded — rare, but it happens with real-estate-related agreements — record the rescission in the same office and add an acknowledgment for that purpose.