# Mistake Legal Type of Contract Agreement Document
**Contract Agreement**
**Date:** [Insert Date]
**Parties Involved:**
1. **Party A:** [Insert Name]
- Address: [Insert Address]
- Email: [Insert Email]
- Phone: [Insert Phone Number]
2. **Party B:** [Insert Name]
- Address: [Insert Address]
- Email: [Insert Email]
- Phone: [Insert Phone Number]
**Recitals:**
WHEREAS, Party A and Party B wish to enter into an agreement regarding [Insert Purpose of Agreement], and;
WHEREAS, both parties acknowledge that a mistake exists regarding [Insert Description of Mistake], be it a mistake of fact, law, or interpretation,
THEREFORE, the parties hereby agree to the following terms and conditions:
---
## 1. Description of the Mistake
The parties acknowledge that a mistake has occurred regarding [Specify the nature of the mistake, whether it's a misunderstanding, miscalculation, etc.]. For example, Party A believed that the correct price for the service was [Insert Incorrect Price], when in fact, it should have been [Insert Correct Price].
## 2. Rectification of the Mistake
Both parties agree to correct the mistake as follows:
- **Correction Method:** [Specify how the parties will resolve the mistake, e.g., re-evaluating the terms, pricing adjustments, etc.]
- **Deadline for Correction:** [Insert Deadline Date]
## 3. Release of Claims
Upon the rectification of the mistake, both parties agree to:
- Release each other from any claims, liabilities, or obligations stemming from the mistake.
- Acknowledge that the mistake does not affect the validity of the entire agreement, except as specifically stated herein.
## 4. Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Insert State/Country].
## 5. Miscellaneous
- **Amendments:** This agreement may only be amended in writing signed by both parties.
- **Severability:** If any provision of this agreement is found to be unenforceable or invalid, the remaining provisions will continue in full force and effect.
- **Entire Agreement:** This document constitutes the entire agreement between the parties and supersedes any previous agreements or understandings.
## 6. Signatures
By signing below, both parties acknowledge that they have read, understood, and agreed to the terms of this agreement.
**Party A:**
___________________________________
[Insert Name]
Date: [Insert Date]
**Party B:**
___________________________________
[Insert Name]
Date: [Insert Date]
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**Note:** This is a sample agreement and may not include all necessary legal provisions applicable to your situation. It is advisable to consult with a legal professional prior to finalizing any contract agreement.