1. Releasor, or one who is validly recognized by law act on Releasor's behalf declares, releases, and discharges Releasee from any and all claims, liabilities, damages, disputes, obligations, or causes of action of any nature and kind, known or unknown, which Releasor may have or ever had against Releasee or any of the Released Parties arising out of or relating to: the termination of a contractual relationship between the Releasor and the Releasee ("Claims").
2. In consideration and in exchange for the discharge and waive of the Claims, Releasee provides, which Releasor accepts, an amount of . In consideration for the complete setlement and satisfaction of any existing and prospective claims which Releasor may have against Releasee.
3. This Release is not in any way be construed as an admission of fault by the Releasee nor be considered to have committed a wrongful act with respect to Releasor or any other person; neither that Releasee admits liability or responsibility at any time for any purpose, or that Releasor has any rights whatsoever against the Releasee.
4. MISCELLANEOUS PROVISIONS:
SEPARABILITY CLAUSE
The provisions of this Release are severable. Should any provision is held to be invalid or unenforceable or invalid by any competent court, the same shall apply only to the said provision and shall not affect the validity of enforceability of any other provisions.
This Release constitutes the entire agreement between the parties and supersedes any and all prior oral or written agreements or understandings between the parties concerning the subject matter of this Release.
AGREEMENT MODIFICATION
No modification, amendment, or alteration shall be considered as having been made unless by written agreement signed by both parties.
JURISDICTION:
The terms of this Release shall be governed by and construed in accordance to the laws of the State of .
ASSIGNMENT:
This Release inures the benefit of, and shall be binding upon the parties and their respective heirs, administrators, personal representatives, executors, successors and assigns
5. Both parties represent that they fully understand their right to review all aspects of this Release with attorneys of their choice, that they have had the opportunity to consult with attorneys of their choice, that they have carefully read and fully understand all the provisions of this Release and that they are freely, knowingly, and voluntarily entering into this Release.