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Legal AgreementsIndemnity & Compensation

Notice of Rescission of Release

This template is a formal notice to rescind a previously issued release, typically used in cases where a settlement or agreement is no longer valid due to breach of terms or discovery of new information. It is suitable for businesses needing to revoke a release of liability or claim.

Updated 15d ago
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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Reference No: {{reference_number}}

Recipient Information

To: {{recipient_name}}

{{recipient_address}}

Subject: Notice of Rescission of Release

Dear {{recipient_name}},

Background to Original Release

This letter serves as a formal notice of rescission regarding the Release of Liability/Claim (hereinafter referred to as 'the Original Release') dated {{original_release_date}}, executed between {{company_name}} (hereinafter 'the Releasing Party') and {{recipient_name}} (hereinafter 'the Released Party'). The Original Release pertained to {{brief_description_of_original_matter}}.

Grounds for Rescission

The Releasing Party hereby provides notice that the Original Release is rescinded with immediate effect due to {{reason_for_rescission}}. Specifically, this action is necessitated by {{detailed_explanation_of_grounds}}, which constitutes a material breach of the terms and conditions under which the Original Release was granted, or the discovery of new material facts of which the Releasing Party was unaware at the time of execution of the Original Release, namely {{new_information_discovered}}.

Consequences of Rescission

As a direct consequence of this rescission, the Original Release is hereby declared null and void, and of no force or effect from the date of this notice. All rights, claims, and causes of action that were released or intended to be released by the Original Release are hereby reinstated as if the Original Release had never been executed. The Releasing Party reserves all its rights to pursue any and all available legal remedies and actions.

Demand for Action (if applicable)

The Releasing Party further demands that the Released Party take immediate steps to {{specific_action_required_from_recipient}} within {{number_of_days}} days from the date of this notice to mitigate further damages or legal proceedings. Failure to comply with this demand may result in further legal action without further notice.

Reservation of Rights

This Notice of Rescission is without prejudice to any other rights or remedies that the Releasing Party may have now or in the future, whether in law or in equity.

Contact Information

For any queries or further correspondence regarding this matter, please contact:

Name: {{contact_person_name}}

Title: {{contact_person_title}}

Email: {{contact_person_email}}

Phone: {{contact_person_phone_number}}

Signature Block

Yours faithfully,

_____________________________

{{authorized_signatory_name}}

{{authorized_signatory_title}}

For and on behalf of {{company_name}}

Date: {{signature_date}}

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