TERMINATION AGREEMENT
This termination Agreement is entered into on _________________ Between
XXX(hereinafter referred to as the “Owner”) and XXX
(hereinafter referred to as the “Purchaser”) together herein referred to as “parties.”
IN CONSIDERATION of and as a condition of the parties entering into this
Agreement and other valuable consideration, the receipt and sufficiency of which
consideration is acknowledged, the parties agree as follows; –
1. Termination.
The parties herein agree that this agreement terminates the ownership of the
Amazon Account with the following details; –
(Insert account details)
2. Mutual Release.
Except for the obligations expressly stated in this Agreement, each party hereby
releases the other party from any and all claims, obligations, and liabilities arising
from or relating to this Agreement.
3. Confidentiality.
The Owner and the Purchaser shall treat all and not be limited to information or data
from the business as confidential information. They shall not share with any third
parties without the prior written consent of the other party.
4. Authority.
The parties herein acknowledge and warrant that they have the authority and
capability to enter into this Agreement and be bound by the terms, conditions, and
provisions herein.
5. Governing Law.
This Agreement shall be governed and construed in accordance with the laws of
Canada.
6. Force Majeure.
Either party is not liable for any performance failure due to causes beyond
reasonable control, including but not limited to acts of God, civil war, riots, terrorism,
and any other actions which are not foreseeable in the circumstance.
7. Assignment.
Neither party to this agreement may assign their duties and responsibilities to a third
party except by written consent of the other party.
8. Severability.
Suppose any provision of this Agreement is deemed invalid and unenforceable. In
that case, the same shall be severed from the entire Agreement, and the remaining
provisions shall continue to be enforced as they were not affected.
9. Waiver.
The failure of any party herein from exercising any remedy due to a default thereof
shall not operate as a waiver of the said right. It shall not preclude the party from any
future or subsequent remedy.
10. Successors.
This Agreement shall ensure the benefit of and binding upon the parties and their
respective successors and assigns.
11. Entire Agreement.
This Agreement constitutes the agreement between the parties and supersedes any
prior negotiations, promises, or contracts, whether written or oral.
IN WITNESS WHEREOF, the parties have signed this Business Purchase
Agreement on the date herein;
By XXX
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
By XXX:
Signature:
__________________________
Date:
______________________________
Email Address:
______________________
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