Mutual Termination Agreement and Release (Commercial Contract) — Word & PDF Template

This mutual termination agreement template, made as a deed, ends a live commercial contract by agreement between two businesses or self-employed people. It sets the termination date, final sums, return of property, which clauses continue, and a release of claims.

Who is this template for?

It suits two parties who both want to end a commercial contract early and settle matters between them. As the document itself states, it is not for employment, where an agreement that tries to waive employment rights or claims is effective only if it meets the statutory conditions, and it is not for contracts with consumers.

What does the template include?

The document is made up of numbered sections:

• Parties — details of the First Party and Second Party and the date of the deed.
• The Contract — title, date and reference of the contract being ended.
• Termination — the Termination Date and confirmation that no notice period or early-termination charge is payable beyond the agreed sums.
• Sums Due and Final Invoice — amounts owed each way, final invoice and payment timing, and the basis of the figures including VAT.
• Return of Property, Data and Confidential Information — a return-or-delete date and written confirmation on request.
• Clauses That Continue — tick boxes for confidentiality, intellectual property, payment, and liability and indemnities, plus a space for other clauses.
• Release — tick one: a full mutual release, or a release with listed exceptions.
• No Admission — neither party admits breach or liability.
• Confidentiality of the Terms — the terms of the deed stay confidential, with permitted disclosures and reporting to a regulator preserved.
• General — authority, no consideration needed, entire agreement, changes in writing, and governing law of England and Wales.
• Execution — signature blocks for each party with a witness or second signatory.

Easy to customise

The template opens in Microsoft Word, Google Docs and LibreOffice. Fill in the highlighted fields, enter the contract and termination details, tick the clauses that continue and choose the release option and edit any clause to suit your arrangement.

Format and scope

Download instantly as an editable Word (.docx) file and a PDF, formatted to A4. Written in plain British English and drafted for use in England and Wales.