# Extinguishment Agreement
**This Extinguishment Agreement** (“Agreement”) is made and entered into as of the ___ day of __________, 20___ by and between:
**Party A:**
Name: ___________________________________
Address: ___________________________________
City, State, Zip: ___________________________
Email: ____________________________________
Phone: ____________________________________
**Party B:**
Name: ___________________________________
Address: ___________________________________
City, State, Zip: ___________________________
Email: ____________________________________
Phone: ____________________________________
**Collectively referred to as “Parties.”**
## Recitals
WHEREAS, the Parties have entered into a certain agreement dated ______________ (“Original Agreement”), which may involve obligations and rights between the Parties;
WHEREAS, the Parties wish to extinguish and release all obligations and rights under the Original Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties hereby agree as follows:
## 1. Extinguishment
The Parties hereby agree that all obligations, duties, and liabilities arising from the Original Agreement are hereby extinguished and released as of the date of this Agreement.
## 2. No Further Obligations
Upon execution of this Agreement, neither Party shall have any further obligations or liabilities under the Original Agreement.
## 3. Release
Each Party does hereby release and forever discharge the other Party from any and all claims, demands, and causes of action that arose out of or in connection with the Original Agreement.
## 4. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________________, without regard to its conflict of laws principles.
## 5. Entire Agreement
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, related to such subject matter.
## 6. Amendments
No amendment or modification of this Agreement shall be valid unless in writing and signed by both Parties.
## 7. Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
## IN WITNESS WHEREOF, the Parties have executed this Extinguishment Agreement as of the date first above written.
### Party A
Signature: ________________________________
Printed Name: ____________________________
Date: ___________________________________
### Party B
Signature: ________________________________
Printed Name: ____________________________
Date: ___________________________________
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**Please note:** This Agreement is a template and may not adhere to all legal requirements of your jurisdiction. It is strongly advised to consult with a legal professional before finalizing any contractual documents.