This mutual release, executed on (date), between (name of the first party) of (address), City of __, Country of __, State of__, and (name of the second party) of (address)__, City of __, Country of __, State of __, is intended to effect the elimination of any obligations by either party as hereinafter designated.
Whereas, disagreements and differences have arisen between the parties with respect to that certain contract entered into by said parties and executed on (date) __, a copy of which is attached hereto as Exhibit A, both parties have agreed to settle said disagreements and differences by executing this mutual release.
In witness whereof the parties have executed this mutual release at (place of execution) on the day and year stated above.