Mutual Release of Business Interest


Like all relationships sometimes business relationships break apart. In this case my client had been in business with two friends. They had operated two distinct businesses but now wanted to go their separate ways. They had their own interests and had decided that two of them would take one business and the other would go off on his own. All sides were very concerned that the others might attempt to come back in the future and try to claim some of the profits if they struck it big or hold the other responsible for something related to the business that they had taken over. So they entered into a mutual release by which they agreed that they were separating and that they would not hold one another accountable for anything relating to the business that they took over.

Please see release form below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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