Deed of Acquittance and Discharge

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DEED OF ACQUITTANCE AND DISCHARGE

This Deed of Acquittance and Discharge is made and entered into on this {{day}} day of {{month}}, {{year}},

BETWEEN:

{{creditor_company_name}}, a company duly incorporated under the laws of {{country_of_incorporation}}, with its principal place of business at {{creditor_company_address}} (hereinafter referred to as 'the Creditor').

AND

{{debtor_company_name}}, a company duly incorporated under the laws of {{country_of_incorporation}}, with its principal place of business at {{debtor_company_address}} (hereinafter referred to as 'the Debtor').

RECITALS

WHEREAS, the Debtor was indebted to the Creditor in the total sum of {{currency_symbol}}{{debt_amount}} ({{debt_amount_words}}) concerning {{description_of_original_debt}} (hereinafter referred to as 'the Debt').

WHEREAS, the Debtor has made full and final payment of the Debt to the Creditor as of {{date_of_final_payment}}.

WHEREAS, the Creditor acknowledges receipt of the full and final payment and desires to release and forever discharge the Debtor from any and all obligations related to the Debt.

ACKNOWLEDGEMENT OF RECEIPT

The Creditor hereby acknowledges receipt of the full and final payment of {{currency_symbol}}{{paid_amount}} ({{paid_amount_words}}) from the Debtor on {{date_of_payment}}, representing complete satisfaction of the Debt.

RELEASE AND DISCHARGE

In consideration of the full and final payment acknowledged above, the Creditor, for itself, its successors, and assigns, does hereby irrevocably and unconditionally release, acquit, and forever discharge the Debtor, its successors, and assigns, from any and all claims, demands, actions, suits, or proceedings, whether present or future, known or unknown, arising out of or in connection with the Debt.

COVENANTS

The Creditor covenants that it has not assigned or transferred any part of the Debt or any claim or right relating thereto to any third party.

The Creditor further covenants that it will not institute any action, suit, or proceeding against the Debtor in relation to the Debt.

GOVERNING LAW

This Deed shall be governed by and construed in accordance with the laws of {{country}}.

ENTIRE AGREEMENT

This Deed constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether written or oral.

IN WITNESS WHEREOF

IN WITNESS WHEREOF, the parties have executed this Deed on the date first above written.

Signature Block

_____________________________

Signature of Creditor (or Authorized Representative)

Name: {{creditor_signer_name}}

Title: {{creditor_signer_title}}

Date: {{date}}

_____________________________

Signature of Debtor (or Authorized Representative)

Name: {{debtor_signer_name}}

Title: {{debtor_signer_title}}

Date: {{date}}