# Rescission Agreement
**This Rescission Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Party A Name]**
Address: [Party A Address]
Contact Number: [Party A Contact Number]
Email: [Party A Email]
**AND**
**[Party B Name]**
Address: [Party B Address]
Contact Number: [Party B Contact Number]
Email: [Party B Email]
**Collectively referred to as the "Parties."**
## Recitals
WHEREAS, the Parties entered into a contract titled **[Name of Original Contract]**, dated [Date of Original Contract] (the "Original Contract"); and
WHEREAS, both Parties wish to mutually rescind the Original Contract due to [reason for rescission, e.g., unforeseen circumstances, mutual agreement, etc.];
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the Parties agree as follows:
## 1. Rescission of the Original Contract
The Parties hereby agree to rescind the Original Contract in its entirety. All obligations, responsibilities, and liabilities under the Original Contract are hereby terminated.
## 2. Release of Claims
Each Party releases the other from any and all claims, demands, actions, or causes of action that may arise from, or be related to, the Original Contract. This release shall not apply to any obligations or liabilities that arise from this Agreement.
## 3. No Further Obligations
Following the effective date of this Agreement, neither Party shall have any further obligations to the other under the Original Contract.
## 4. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of [State]. Any disputes arising out of or related to this Agreement shall be resolved in the competent courts of [State/County].
## 5. Entire Agreement
This Agreement constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements.
## 6. Amendments
Any amendment to this Agreement must be in writing and signed by both Parties.
## 7. Signatures
IN WITNESS WHEREOF, the Parties hereto have caused this Rescission Agreement to be executed as of the date first above written.
**[Party A Name]**
Signature: _______________________________
Printed Name: [Printed Name]
Date: ___________________________________
**[Party B Name]**
Signature: _______________________________
Printed Name: [Printed Name]
Date: ___________________________________
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*This is a sample document and should be reviewed by a legal professional to ensure it meets all legal requirements and addresses the specific needs of the parties involved.*