Termination With Mutual Consent
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FAQ
Sample Mutual Termination Agreement 1. I/we, the undersigned, herby agree to terminate the tenancy at [insert address] by Mutual Agreement and the tenants will have no further liability for rent after the agreement ends. 2. The tenancy will terminate on [insert date].
The Parties mutually agree that Contract shall be terminated effective [date] (the "Termination Date"). [Optional: Except as expressly provided herein, the Contract will terminate ing to the terms as set forth therein.] Upon the Termination Date, the Contract shall have no further force or effect.
Even if the other party does not want to be fired or to lose an employee, quitting or being fired are effective ways to end employment without the other party agreeing to it. In contrast, a termination by mutual agreement only becomes effective if both parties agree on its terms.
Related Definitions Termination by Mutual Consent means an involuntary Separation From Service pursuant to which the Company agrees, in its sole discretion, that benefits are payable under this Plan.
This Agreement may be terminated at any time by mutual consent of the parties hereto, provided that such consent to terminate is in writing and is signed by all of the parties hereto.
