MUTUAL
RELEASE BY TWO PERSONS [CD1]
THIS
RELEASE is made the …………day of…………20…………between A,
son of of
the
ONE
PART and B, son of
...................of the OTHER PART.
WHEREAS
the said A is carrying on the wholesale business of.................at…………under
the name and style of M/s. and the said B is carrying on the retail business
of…………....... at…………under the name and
style of M/S..............................
AND WHEREAS
in the course of business several sums of money fell due against each other,
and have been paid by the parties from time to time.
AND WHEREAS
the said B has closed his business
with effect from …………and has paid all
the amounts to A outstanding to his account in the books of accounts of the
said A.
AND WHEREAS
the said A and B agreed to execute
mutual release deed to maintain good feeling and relationship.
NOW THIS DEED WITNESSES
that in pursuance of the said agreement, the said A and B hereby release, discharge and exonerate the other of them from
all sums of money, accounts, proceedings, claims and demand whatsoever which
either of them had or has up to the date hereof or may have in future against
the other, in respect of or in relation to the business of and the parties will
be relieved from all liabilities
on account there for to all intents and purposes.
IN WITNESS WHEREOF
the parties hereto have hereunto set their hands the day and year first above
written.
WITNESSES
1 Signed
and delivered by the within named A
2. Signed
and delivered by the within named B
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