Document background
The Termination of Contract by Agreement is essential when parties mutually decide to end their contractual relationship before its natural expiration or when they want to formally document the end of an ongoing contract. Under Swiss law, this document provides a clean and legally secure way to terminate existing obligations while protecting all parties' interests. It is commonly used in various business contexts, from service agreements to joint ventures, and must comply with the Swiss Code of Obligations. The agreement typically includes provisions for final settlements, releases, and the handling of any ongoing obligations or confidential information. This type of agreement is particularly valuable in avoiding potential disputes by clearly documenting the terms of separation and ensuring all parties have a clear understanding of their rights and obligations post-termination.
