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Notice of Rescission of Release

This template is a formal notice used to rescind a previously issued release, typically in the context of debt settlement or contractual agreements. It is used when the conditions for the release were not met, or a breach occurred, necessitating the revocation of the release.

Updated 16d ago
rescissionreleasedebtcollectionsnoticecontractSouthern Africa

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Notice of Rescission of Release

Notice of Rescission of Release

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date:

{{date}}

Recipient Details:

To: {{recipient_name}}

{{recipient_address}}

Subject: Notice of Rescission of Release dated {{original_release_date}}

Dear {{recipient_name}},

This letter serves as a formal Notice of Rescission of the Release (hereinafter referred to as 'the Release') issued by {{company_name}} ('the Releasor') to {{recipient_name}} ('the Releasee') on {{original_release_date}}. The said Release pertained to {{description_of_original_release_matter}}.

Grounds for Rescission:

The Releasor hereby rescinds the Release due to the following reasons:

1. {{reason_1_e.g._failure_to_comply_with_payment_terms}}

2. {{reason_2_e.g._breach_of_agreement_clause}}

3. {{reason_3_e.g._misrepresentation_of_facts}}

These actions constitute a material breach of the understanding and conditions under which the Release was granted.

Effect of Rescission:

Upon the effective date of this Notice, the Release dated {{original_release_date}} is hereby declared null and void, and of no further force or effect. All rights, claims, and demands that were waived or released under the terms of the original Release are hereby reinstated and reserved by {{company_name}}.

Demands and Actions Required:

We demand that you immediately cease and desist from any actions predicated on the validity of the rescinded Release. Furthermore, we require {{specific_actions_required_e.g._full_payment_of_outstanding_debt_by_date}}.

Contact Information:

For any queries or to discuss this matter further, please contact {{contact_person_name}} at {{contact_phone_number}} or {{contact_email_address}} within {{number}} days of the date of this Notice.

Sincerely,

___________________________

{{authorised_signature}}

{{signer_name}}

{{signer_title}}

For and on behalf of {{company_name}}

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