Termination Agreement Template

This termination agreement template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our termination agreement template:

TERMINATION AGREEMENT This Termination Agreement ("Agreement") is entered into effect as of [DATE], BETWEEN: [PARTY A NAME] ("Party A"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PARTY B NAME] ("Party B"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PURPOSE OF THE AGREEMENT The Parties agree to terminate and conclude a previously existing agreement or relationship, as described in the agreement titled [Specify the Title of the Agreement], executed on [Effective Date of the Previous Agreement], hereinafter referred to as the "Previous Agreement." TERMINATION OF PREVIOUS AGREEMENT 2.1 The Parties hereby terminate the Previous Agreement and agree that it is no longer in effect or enforceable. 2.2 All rights, obligations, and responsibilities arising from the Previous Agreement are hereby concluded, and the Parties are released from any further obligations under the Previous Agreement. RELEASE OF CLAIMS 3