Legal Contract Release Request

LEGAL CONTRACT RELEASE REQUEST

This Legal Contract Release Request (the "Request") is submitted on by Requestor Name: whose principal address is and to Contracting Party Name: .

RECITALS

WHEREAS, Requestor and Contracting Party entered into a written agreement titled , dated (the "Contract");

WHEREAS, Requestor seeks release from certain obligations, lien, encumbrance, assignment, or other restraints described in the Contract and desires formal written confirmation of such release to permit Requestor to proceed with third-party transactions, financing, or cessation of performance;

WHEREAS, Contracting Party is willing to consider granting a release subject to the terms, conditions and consideration set forth below.

NOW THEREFORE

In consideration of the mutual promises and covenants contained herein and other good and valuable consideration the sufficiency of which is hereby acknowledged, the parties agree as follows:

1. RELEASE REQUEST

Requestor hereby requests that Contracting Party grant a release as described below. The scope of the requested release is:

Full release of Requestor from all obligations and liabilities under the Contract.
Partial release limited to the following obligations or sections:

2. CONSIDERATION

As consideration for the Release, Requestor offers the following (select and describe applicable consideration). If monetary, state amount and payment terms; if non-monetary, describe performance or covenant:

3. CONDITIONS TO RELEASE

The effectiveness of any release granted by Contracting Party shall be expressly conditioned upon: (a) receipt of the consideration described above; (b) Requestor's delivery of executed counterparts of this Request; (c) absence of material breach by Requestor of the Contract prior to the Effective Date; and (d) satisfaction of any third-party consents expressly required by the Contract.

Requestor acknowledges that Contracting Party may require additional documentation, estoppel certificates, or lien releases before issuing a final release instrument.

4. REPRESENTATIONS AND WARRANTIES

Each party represents and warrants to the other that: (a) it has full power and authority to enter into this Request; (b) execution and delivery of this Request and the performance of its obligations hereunder have been duly authorized by all necessary corporate or other action; and (c) this Request constitutes a valid and binding obligation enforceable against it in accordance with its terms.

5. EFFECT OF RELEASE

Upon satisfaction of the Conditions to Release, Contracting Party shall execute and deliver a written Release instrument identifying the Contract, the scope of release, and the Effective Date of such release. Except as expressly set forth in the Release instrument, all other rights, obligations and remedies under the Contract shall remain in full force and effect.

6. NO IMPLIED WAIVER

Except as expressly provided in a fully executed Release instrument, nothing in this Request shall be construed as a waiver, novation or discharge of any rights or claims each party may have under the Contract or at law, nor shall a grant of release operate retroactively to extinguish accrued rights unless expressly stated.

7. CONFIDENTIALITY

The parties agree that the terms and existence of this Request and any Release instrument may be treated as confidential and will not be disclosed except as required by law, to professional advisors, or as necessary to effectuate the terms hereof. Parties shall use commercially reasonable efforts to maintain confidentiality.

8. NOTICES

All notices required or permitted under this Request must be in writing and delivered to the addresses below by hand, nationally recognized overnight courier, or certified mail, return receipt requested:

9. AMENDMENT; WAIVER

This Request may not be amended except by a written instrument executed by both parties. No failure or delay by either party in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude any other or further exercise thereof.

10. GOVERNING LAW

This Request shall be governed by and construed in accordance with the laws of the jurisdiction selected by the parties. The parties agree that any dispute arising out of or relating to this Request shall be resolved in the courts of the selected jurisdiction.

11. ENTIRE AGREEMENT

This Request and any written Release executed pursuant hereto constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all prior negotiations, understandings and agreements between the parties concerning such subject matter.

12. SEVERABILITY

If any provision of this Request is held to be invalid, illegal or unenforceable, the remaining provisions shall continue in full force and effect and the parties shall negotiate in good faith to replace the invalid provision with a valid provision that effects the parties' original intent to the greatest extent possible.

13. COUNTERPARTS; ELECTRONIC SIGNATURES

This Request may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Signatures delivered by electronic means shall be effective for all purposes.

14. AUTHORIZATION

Each party represents that the person signing below is authorized to execute this Request on its behalf and to bind the party to the terms contained herein.

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