Mutual Release
This Mutual Release is made between [Party A name] (the "Party A") and [Party B name] (the "Party B") as of the date of the last signature below.
1. Background
The parties had this relationship or dispute: [describe]. They wish to end it finally on the terms below.
2. Settlement
[Party A / Party B] will pay [amount] by [date]. [Or: no payment is due from either party.]
3. Release
Once any payment above is made, each party releases the other from all claims arising from the matter described, whether known or unknown. This does not release claims under this document itself.
4. No admission
This is a compromise and is not an admission of fault by either party.
5. General
This agreement is governed by the laws of [state]. It is the entire agreement between the parties on its subject and may be changed only in writing signed by both. It may be signed electronically and in counterparts.