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Termination Agreement
Free termination agreement template for two parties mutually ending an existing contract early.
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This free termination agreement covers 1. Mutual Termination, 2. Outstanding Obligations, 3. Release, 4. Surviving Provisions, 5. Governing Law with 6 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Termination Agreement
Party A: [Name] Party B: [Name] Original Agreement: [Reference — name and date of the contract being terminated] Date: [Date]
1. Mutual Termination
The parties agree to terminate the Original Agreement effective [Termination Date], by mutual consent.
2. Outstanding Obligations
[Describe what still needs to happen — e.g. "Party A will pay the outstanding balance of $[Amount] within [X] days" or "Party B will return all Company property by [Date]."]
3. Release
Upon satisfaction of Section 2, each party releases the other from further obligations under the Original Agreement, except for any provisions that expressly survive termination (e.g. confidentiality).
4. Surviving Provisions
[List any clauses from the original agreement that continue to apply — e.g. confidentiality, non-compete.]
5. Governing Law
This Agreement is governed by the laws of [State/Country].
Party A: ______________________ Date: ____________ Party B: ______________________ Date: ____________
*Being explicit about what survives (confidentiality is common) prevents an early termination from accidentally releasing obligations you meant to keep in place.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 5 standard sections: 1. Mutual Termination, 2. Outstanding Obligations, 3. Release, 4. Surviving Provisions, 5. Governing Law
- 6 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this termination agreement template really free?
Yes — this Termination Agreement template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this termination agreement cover?
This business template includes 1. Mutual Termination, 2. Outstanding Obligations, 3. Release, 4. Surviving Provisions. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This is a general-purpose starting structure, not advice for your specific situation. Business agreements can hinge on details — state of formation, industry-specific regulation, how a dispute would actually play out — that a template can't account for. Have a business attorney review anything that involves real money or real risk before you rely on it.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 6 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
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