# Mistake of Fact Legal Agreement
**MISTAKE OF FACT AGREEMENT**
**This Mistake of Fact Agreement** (hereinafter referred to as the "Agreement") is made and entered into on this [Date] by and between:
**Party A**: [Full Name]
**Address**: [Street Address, City, State, Zip Code]
**Email**: [Email Address]
**Phone Number**: [Phone Number]
**and**
**Party B**: [Full Name]
**Address**: [Street Address, City, State, Zip Code]
**Email**: [Email Address]
**Phone Number**: [Phone Number]
## 1. **Background**
This Agreement acknowledges the mutual understanding between Party A and Party B regarding a prior agreement entered into on [Date of Original Agreement] (hereinafter referred to as the "Original Agreement"). It is recognized that both parties proceeded to enter into the Original Agreement based on a shared factual misunderstanding.
## 2. **Statement of Mistake**
Both parties acknowledge that the following mistake of fact existed at the time of the formation of the Original Agreement:
- **Mistaken Fact**: [Describe the mistaken fact that led to the misunderstanding. Be specific about the details and context.]
Due to this mutual mistake of fact, both parties agree to the terms laid out in this Agreement.
## 3. **Resolution**
To rectify the mistake acknowledged in Section 2, both parties hereby agree to the following:
1. **Termination of Original Agreement**: The Original Agreement is hereby deemed null and void.
2. **Release of Obligations**: Both parties will release each other from any obligations, liabilities, or claims arising from the Original Agreement.
3. **New Agreement**: The parties may negotiate a new agreement that accurately reflects their intentions and understandings based on correct factual information.
## 4. **No Admissions of Liability**
This Agreement does not constitute an admission of liability or fault by either party regarding the mistake of fact. Both parties agree that the misunderstanding arose without malice or intentional misrepresentation.
## 5. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 6. **Entire Agreement**
This Agreement contains the entire understanding between the parties regarding the mistake of fact and supersedes all prior discussions, agreements, or understandings of any kind.
## 7. **Acknowledgment**
The undersigned parties hereby acknowledge and agree to the terms and conditions set forth in this Mistake of Fact Agreement.
### IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.
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**Party A**:
Signature: _________________________
Printed Name: ______________________
Date: _____________________________
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**Party B**:
Signature: _________________________
Printed Name: ______________________
Date: _____________________________
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**Witness**:
Signature: _________________________
Printed Name: ______________________
Date: _____________________________
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*This document is a template and should be reviewed by a legal professional before use to ensure it meets your specific needs and complies with applicable laws.*