# Cancellation Agreement
**This Cancellation Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Your Name or Your Business Name]**
Address: [Your Address]
City, State, Zip: [City, State, Zip]
Email: [Your Email]
Phone: [Your Phone Number]
**(Hereinafter referred to as the "Party A")**
AND
**[Recipient Name or Recipient Business Name]**
Address: [Recipient Address]
City, State, Zip: [Recipient City, State, Zip]
Email: [Recipient Email]
Phone: [Recipient Phone Number]
**(Hereinafter referred to as the "Party B")**
## RECITALS
WHEREAS, Party A and Party B entered into an agreement dated [Original Agreement Date] ("Original Agreement") concerning [brief description of the original agreement] (the "Subject Matter");
WHEREAS, both parties have mutually agreed to cancel the Original Agreement as of the date hereof;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereby agree as follows:
## 1. Cancellation
1.1 The Original Agreement is hereby canceled and shall be of no further effect as of [Effective Cancellation Date].
1.2 Each party shall be released from any obligations, liabilities, or claims arising from the Original Agreement, effective immediately upon cancellation.
## 2. Acknowledgment
2.1 Party A and Party B acknowledge and confirm that they have entered into this Agreement voluntarily and without any coercion or duress.
2.2 Both parties further affirm that they have had the opportunity to seek legal counsel regarding this Agreement.
## 3. Confidentiality
3.1 The terms of this Agreement shall remain confidential between the parties, except as may be required by law or by a court of competent jurisdiction.
## 4. Governing Law
4.1 This Agreement shall be governed by and construed in accordance with the laws of the State of [Your State].
## 5. Entire Agreement
5.1 This Agreement constitutes the entire agreement between Party A and Party B concerning the cancellation of the Original Agreement and supersedes any previous agreements or understandings, whether written or oral, related to the Subject Matter.
## 6. Signatures
In witness whereof, the parties hereto have executed this Cancellation Agreement as of the day and year first above written.
**Party A:**
Signature: _________________________
Name: [Your Name]
Title: [Your Title, if applicable]
Date: _________________________
**Party B:**
Signature: _________________________
Name: [Recipient Name]
Title: [Recipient Title, if applicable]
Date: _________________________
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**NOTE:** This template is a general example. It is advisable to consult with a legal professional to ensure that the agreement appropriately meets specific legal requirements relevant to the jurisdiction and situation involved.