RELEASE AGREEMENT
THIS RELEASE AGREEMENT (this “Agreement”) is made as of this [insert date] (the “Effective Date”), by
and among [INSERT NAME OF THE CLIENT] whose address for the purposes of this agreement shall be
[insert address] and LSX BROKERS a sole proprietorship owned by XXX which business is
located at [insert address] Fort Worth, Texas. (each individually a “Party” and collectively the “Parties”).
RECITALS:
A. XXX is a Car Restoration business which specializes in tuning, making us a one-stop
shop for LSX Tuning, Parts and Service. [insert a better description of your business];
B. Pursuant to an Agreement dated [insert date of Agreement], the client brought in his vehicle
[insert the details of the vehicle, including Model, Vin Number, etc.];
C. That the Client now cancels completion of the restoration of the said vehicle and requests to
collect the said vehicle with the remaining parts, which is unfinished and or still in the process of
restoration by LSX Brokers;
D. That LSX Brokers agrees to let the Client collect the said vehicle subject to the terms and
conditions of this agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged,
the Parties agree as follows:
1. TERMINATION OF THE DOCUMENTS. The Documents in relation to the initial agreement
regarding the restoration are hereby declared to be null and void and of no further force and
effect.
2. RELEASE OF LIABILITY BY CLIENT. In consideration of the promises recited in this Agreement,
the Client, on behalf of its successors, assigns, officers, directors, managers, shareholders,
members, attorneys, agents, employees and representatives, hereby does, knowingly and
voluntarily, release, acquit and forever discharge LSX Brokers and its successors, assigns,
officers, directors, shareholders, attorneys, agents, employees and representatives, from any
and all claims, liability, suits, demands, causes of action, debts, damages, costs, losses,
obligations, judgments, charges, expenses, dues, sums of money, accounts and controversies of
whatever kind or nature, direct or indirect, arising in tort or contract, whether known or
unknown, contingent or noncontingent, at law or in equity, which have arisen or may arise by
reason of, or in any matter, grown out of the Client’s request to collect the subject vehicle which
is unfinished by LSX Brokers.
3. AGREEMENT NOT TO FILE FUTURE SUITS OR CHARGES. By executing this Agreement, each Party
agrees never to file any lawsuits in any court (state or federal) or to file any charges with local,
state or federal administrative agencies concerning the claims released in Section 2 of this
Agreement. Each Party, by signing this Agreement, also affirms that it has not filed, consented to
be filed, or presently is a party to any claim, complaint or action against any other Party.
4. REPRESENTATIONS AND WARRANTIES. The Parties represent and warrant to each other that
each of the following facts is currently true and will be true as of the Effective Date:
a. Each Party has full power to enter into, execute, deliver and perform all of its obligations
under this Agreement, including, without limitation, the release of claims set forth
in Section 2 of this Agreement.
b. This Agreement has been duly executed and delivered. It constitutes a legal, valid, and
binding agreement and is enforceable according to its terms.
c. No other person or entity is a necessary party to this Agreement to accomplish completely
the purposes of this Agreement.
d. Each Party has had the opportunity to review this Agreement, has fully considered the effect
of this Agreement and has voluntarily executed and delivered this Agreement after such
review and consideration.
5. CONSTRUCTION OF AGREEMENT. The following provisions and principles shall apply to the
interpretation, construction, and enforcement of this Agreement:
a. The headings of each section of this Agreement are inserted for the convenience of the
parties and shall not affect or be considered in the interpretation of this Agreement.
b. Each Party has borne equal responsibility for the drafting of each provision of this
Agreement, including the provisions of this section, and no term or provision shall be
interpreted against or in favor of any Party by virtue of the Party’s role in drafting this
Agreement.
c. When the context in which words are used in this Agreement indicates that such is the
intent, words in the singular number shall include the plural, and vice versa, and words in
the masculine gender shall include the feminine and neuter genders and vice versa.
d. Wherever possible each provision of this Agreement shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under such law, such provision shall be ineffective only to the extent
of such prohibition or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Agreement.
e. The Recitals are part of this Agreement and are incorporated by reference.
6. BINDING EFFECT. This Agreement shall bind and inure to the benefit of the Parties and their
respective successors and assigns. The said agreement is also binding even if the Client fails to
sign this agreement.
7. ENTIRE AGREEMENT. This Agreement and the Restructure Documents contain the
understanding of the Parties related to the subject matter hereof, and supersede all prior or
contemporaneous agreements, undertakings, contracts, offers and acceptances of the Parties
not set forth herein. This Agreement may not be modified, amended, superseded, canceled or
revoked, in whole or in part, except in a writing signed by each Party.
8. COUNTERPARTS; FACSIMILE SIGNATURES. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. The Parties authorize each other to detach and
combine original signature pages and consolidate them into a single identical original. Any one
of such completely executed counterparts shall be sufficient proof of this Agreement.
Confirmation of execution and delivery by telecopy of a facsimile signature page shall constitute
a legal, valid, and binding execution of this Agreement by any Party so confirming.
9. ATTORNEY’S FEES. In the event that a Party is deemed to have breached the terms of this
Agreement by a court of competent jurisdiction, the breaching Party shall be responsible for the
non-breaching Party’s costs and reasonable attorney’s fees.
IN WITNESS WHEREOF, the undersigned have caused this Release Agreement to be duly executed as of
the date first above written.
XXX
By: /s/ _________________________
XXX, President and CEO
CLIENT
By: /s/ _________________________
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