What is this document?
An Agreement to Terminate is a document in which parties to a previous agreement agree that the previous agreement is to be terminated and be of no further force and effect.
When would I use this document?
This document can be used by parties who wish to terminate an agreement. It is especially useful if the terminated agreement did not have clear termination clauses, or if the circumstances in which the agreement was terminated did not fall clearly within the termination clause. This document can be used to establish the date on which the agreement was terminated.
Who signs this Agreement?
This agreement is signed by the parties who wish to terminate their agreement. If signing on behalf of a corporation, this should be someone authorized by the corporation.
More details about this document?
This agreement will make it clear when the agreement is terminated and if any clauses to the terminated agreement are to survive. The agreement can also contain a clause about adhering to notice provisions. The parties can also provide for the consequences of termination, and the agreement may stipulate that the terms of the termination do not breach the original agreement.
What are the core elements of this document?
The core elements of an Agreement to Terminate include: Parties, Consideration, Termination and Survival.
Some additional clauses may include: Background, Effective Date and Execution.
Related Documents
- Settlement, Release and Discharge - an agreement that settles a dispute, releases and discharges the parties from claims against each other