# Repudiation Agreement
**This Repudiation Agreement ("Agreement") is made effective as of [Date], by and between:**
**[Party A Name]**
[Party A Address]
[City, State, ZIP]
[Email Address]
[Phone Number]
**AND**
**[Party B Name]**
[Party B Address]
[City, State, ZIP]
[Email Address]
[Phone Number]
**Collectively referred to as the "Parties."**
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## 1. Background
**1.1** On [Original Contract Date], the Parties entered into a contract ("Original Contract") regarding [Subject of the Original Contract].
**1.2** On [Date of Repudiation], Party A notified Party B of their intention to repudiate the Original Contract due to [Reason for Repudiation].
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## 2. Acknowledgment of Repudiation
**2.1** Party B acknowledges receipt of Party A's notice of repudiation and agrees to the repudiation of the Original Contract as of [Effective Date of Repudiation].
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## 3. Release from Obligations
**3.1** Upon execution of this Agreement, both Parties shall be released from any and all duties, obligations, and liabilities under the Original Contract, except as specifically set forth in this Agreement.
**3.2** Each Party releases the other from any claims, demands, and or causes of action that may arise from the Original Contract.
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## 4. Mutual Representations and Warranties
**4.1** Each Party represents and warrants that they have the power and authority to enter into this Agreement.
**4.2** Each Party acknowledges that they have had the opportunity to seek independent legal advice regarding this Agreement and its implications.
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## 5. Governing Law
**5.1** This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
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## 6. Entire Agreement
**6.1** This Agreement constitutes the entire understanding between the Parties regarding the subject matter herein and supersedes any prior agreements, understandings, or representations regarding the Original Contract.
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## 7. Amendments
**7.1** No amendment or modification of this Agreement shall be valid unless in writing and executed by both Parties.
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## 8. Signatures
**IN WITNESS WHEREOF**, the Parties hereto have executed this Repudiation Agreement as of the date first above written.
**Party A:**
_________________________
[Party A Name]
[Title, if applicable]
Date: ____________________
**Party B:**
_________________________
[Party B Name]
[Title, if applicable]
Date: ____________________
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*Please ensure that this document is reviewed by a legal professional to cater to specific needs and ensure compliance with local laws and regulations.*