CONTRACT TERMINATION AGREEMENT

CONTRACT TERMINATION AGREEMENT

 

THIS CONTRACT TERMINATION AGREEMENT (“this Agreement”), effective as of [DATE] (“effective date”), is made and entered into by and between PERSONA, a Limited Liability Company organized under the laws of the State of Hawaii, with the principal place of business at ___________ (the “Company”), and PERSONA of address ______________ (“Freelancer”).

WHEREAS the Parties were bound by the PERSONA AGREEMENT entered on June 14, 2021 (the “Contract”).

WHEREAS the Freelancer wishes to terminate the Contract and resolve any and all rights and obligations arising out of the Contract.

NOW, THEREFORE, in consideration of the foregoing premises, and of the mutual promises and covenants herein contained, the parties, intending to be legally bound, do hereby agree as follows:

 

  1. TERMINATION

 

The parties entered the Contract on June 14, 2021. The Contract was valid for a term of two (2) years. The Freelancer thereby seeks to terminate the Agreement before the expiry of the two term period. Accordingly, by this Agreement, the Parties terminate and cancel the Contract on the effective date herein.  

  • OUTSTANDING OBLIGATIONS

 

The Parties acknowledge by this Agreement that the consideration provided and received by each other is fair, just and reasonable and that no further consideration, compensation or obligation will be due, payable or owing with regard to the Contract as of the execution date of this Agreement.

 

  1. RELEASE

 

By this Agreement the Parties release each other from any and all claims, causes of action, demands and liabilities of whatever nature which either Party had in the past, has now or may have in the future arising from or related to the Contract.

 

  1. CONFIDENTIALITY

 

The Parties acknowledge and agree that all parties to this Agreement will keep completely confidential the terms and conditions of this Agreement, the Contract and any financial, operational or confidential information of any kind not already public.

  • GOVERNING LAW

 

The Parties submit to the jurisdiction of the courts of the State of Hawaii for the enforcement of this Agreement or any arbitration award or decision arising from this Agreement. This Agreement will be enforced or construed according to the laws of the State of Hawaii.

  • MISCELLANEOUS PROVISIONS

 

  1.  This Agreement may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.

 

  1. This Agreement will not be assigned either in whole or in part by any party to this Agreement without the written consent of the other Party.

 

  1. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine gender include the feminine gender and vice versa. Words in the neuter gender include the masculine gender and the feminine gender and vice versa.

 

  1. If any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the Parties’ intent that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated as a result.

 

  1. This Agreement and the terms and conditions contained in this Agreement apply to and are binding upon the Parties and their respective successors, assigns, executors, administrators, beneficiaries and representatives.

 

  1. Any notices or delivery required in this Agreement will be deemed completed when hand-delivered, delivered by agent, or seven (7) days after being placed in the post, postage prepaid, to the Parties at the addresses contained in this Agreement or as the Parties may later designate in writing.

 

  1. All of the rights, remedies and benefits provided by this Agreement will be cumulative and will not be exclusive of any other such rights, remedies and benefits allowed by law.

 

In Witness Whereof, this Agreement is duly executed by the parties or their duly authorized representatives as set forth below:

_______________________________  ______________________ ___________________

        Freelancer’s   Name                            Signature                           Date

 

_______________________________  ______________________  _______________                

        Company’s (Officer’s) Name                   Signature                 Date

 

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