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MUTUAL TERMINATION OF AGREEMENT AND RELEASE This Mutual Termination of Agreement and Release (Release) is entered into, effective April 2, 2021, by and between the Board of Regents of the University
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01
Begin by reviewing the original agreement that is being terminated to understand the termination clauses and requirements.
02
Draft a mutual termination agreement document that includes the names of the parties involved, the original agreement details, the reason for termination, and the effective date of termination.
03
Ensure that both parties review and agree to the terms outlined in the mutual termination agreement.
04
Sign and date the mutual termination agreement document in the presence of witnesses or a notary public, if required by law.
05
Distribute copies of the signed mutual termination agreement to all parties involved for their records.

Who needs mutual termination of agreement?

01
Individuals or businesses who have entered into a contract or agreement and wish to terminate it in a mutually agreed upon manner.
02
Parties who want to end a legal relationship or obligation without resorting to litigation or other legal action.
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Mutual termination of agreement is when both parties involved in a contract agree to end the agreement voluntarily.
Both parties involved in the agreement are required to file mutual termination of agreement.
Mutual termination of agreement can be filled out by including the names and signatures of both parties, the date of termination, and any relevant terms or conditions.
The purpose of mutual termination of agreement is to legally end a contract by mutual agreement.
Information such as the names and signatures of both parties, the date of termination, and any relevant terms or conditions must be reported on mutual termination of agreement.
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