Termination Agreement

TERMINATION AGREEMENT

This Termination Agreement is made on [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME] to terminate the [ORIGINAL CONTRACT TYPE] dated [ORIGINAL DATE].

1. TERMINATION

The parties agree to terminate the [CONTRACT TITLE] dated [ORIGINAL DATE] effective [TERMINATION DATE].

2. FINAL OBLIGATIONS

Prior to termination: [PARTY 1] shall [FINAL OBLIGATIONS]. [PARTY 2] shall [FINAL OBLIGATIONS].

3. FINAL PAYMENTS

Final payment obligations: [PAYMENT DETAILS]. All outstanding invoices shall be paid within [PAYMENT PERIOD] days.

4. RETURN OF PROPERTY

Each party shall return all property, documents, and confidential information belonging to the other party by [RETURN DATE].

5. RELEASE

Upon completion of final obligations, parties release each other from all claims arising under the terminated agreement.

6. SURVIVAL

The following provisions survive termination: [SURVIVING PROVISIONS] including confidentiality, intellectual property, and limitation of liability.

PARTY 1: _________________ PARTY 2: _________________

[PARTY 1 NAME] [PARTY 2 NAME]

Date: ___________ Date: ___________