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It states the contract becomes null and void, parties revert to the pre-contract state, and all payments or benefits are returned to the prior owner.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/mutual-rescission-and-release-agreement/278165/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/mutual-rescission-and-release-agreement/278165.png","ImageObject",442,249,{"name":42,"@type":43},"Clementine","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/msword","2026-11-01","2026-09-15",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",11,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does a mutual rescission and release agreement do?","Question",{"text":63,"@type":64},"It records the parties’ mutual decision to terminate a previously signed contract and release each other from the contract’s ongoing obligations and claims.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Does the agreement require that the parties consent voluntarily?",{"text":68,"@type":64},"Yes. It states neither party was threatened, coerced, or forced to seek termination.",{"name":70,"@type":61,"acceptedAnswer":71},"What happens to payments or benefits under the terminated contract?",{"text":72,"@type":64},"All payments, benefits, or gains made through the contract must be returned to the previous owner, and the parties revert to the state before the contract was signed.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},278165,1790877538,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,113,117,122],{"id":55,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":22,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":4},1374391974564,"https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002","Mutual Rescission and Release Agreement\n_____________________________ (hereafter “Party 1”) and ________________________ (hereafter “Party 2”), having previously signed a contract that is now subject to termination, both agree to the following:\nThat the two parties independently wish to terminate the contract signed by both parties on {date}, dictating that {brief description of contract and purpose}.\nThat neither party has been threatened, coerced, or forced to seek termination of said contract.\nThat neither party has fulfilled the requirements dictated by the terms of the contract.\nTherefore, the contract mentioned above is hereby terminated, and all terms and conditions deemed null and void. Both parties return to the state previously held before the contract was signed. Neither party shall hold the other to the requirements found in the contract, and all payments, benefits, or gains made through the contract shall be returned to the previous owner.\nFurthermore, neither party shall hold the other liable for any claims that have arisen or may arise from the terms or conditions of the contract.\nIn witness to their agreement to the terms of this contract, the parties affix their signatures below:\n____________________________________\t_________________________________\nParty 1, signature & date\t\t\t\tParty 2, signature & date","cbCailYB8oaLSe5e","https://ap.wps.com/l/cbCailYB8oaLSe5e","doc",40448,"English","# Termination by mutual agreement\n## Confirmation of voluntariness and non-fulfillment\n## Nullification and return of consideration\n## Release from claims and signatures","[{\"question\":\"What does a mutual rescission and release agreement do?\",\"answer\":\"It records the parties’ mutual decision to terminate a previously signed contract and release each other from the contract’s ongoing obligations and claims.\"},{\"question\":\"Does the agreement require that the parties consent voluntarily?\",\"answer\":\"Yes. It states neither party was threatened, coerced, or forced to seek termination.\"},{\"question\":\"What happens to payments or benefits under the terminated contract?\",\"answer\":\"All payments, benefits, or gains made through the contract must be returned to the previous owner, and the parties revert to the state before the contract was signed.\"}]","Mutual Rescission and Release Agreement | DOC",1789507597]