Parties and Existing Agreement
This agreement is made on the date of the last signature between [TO BE CONFIRMED — First Party] (First Party) and [TO BE CONFIRMED — Second Party] (Second Party). It concerns [TO BE CONFIRMED — Existing agreement to terminate, including its date and parties] (Existing Agreement), including its existing amendments.
Termination
The parties mutually end the Existing Agreement with effect from the date of the last signature (Termination Date), except for the surviving matters identified below.
Accrued Amounts and Rights
Termination does not erase amounts properly accrued for conforming performance, agreed payment rights, earned credits or remedies for breaches before the Termination Date. Neither party is obliged to pay for unperformed future work merely because it was scheduled. Refunds and cancellation charges remain governed by the Existing Agreement except as expressly changed here.