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This Mutual Release of Contract Claims (this "Release") is hereby entered by the following parties:

 

Party 1:  Berry N Transit Rentals, an Illinois company

 

Party 2: __________________________________

 

1. We voluntarily and knowingly sign this Release with the intention of eliminating the liabilities and obligations described below.

 

2. Disputes and differences have arisen with respect to the Contract for Services entered into between us on _______, 20___ (the "Agreement"), a copy of which is attached to this Release and is incorporated herein by reference.

 

3. Each party expressly releases the other party from all claims and demands, known and unknown, arising out of the Agreement. Each party understands that, as to claims that are known to that party when this Release is signed, any statutory provisions that would otherwise apply to limit this Release are hereby waived. Each party also understands that this Release extends to claims arising out of the Agreement that are not known at the time this Release is signed.

 

4. This Release applies to our heirs, legal representatives, and successors and is binding on our spouses, heirs, legal representatives, assigns, and anyone else claiming under us. Neither party has assigned to another party any claim arising under or out of the Agreement.

 

5. The value (consideration) for this Release binds our agreement to forgo our respective legal rights with reference to the disputes and differences described above.

 

6. We also agree that the Agreement is rescinded and canceled as of the date at which the fulfillment is render or three months after the signing of this agreement which ever first. 

 

____________, 20_____      X______________________        _____________________

 

____________, 20_____      X______________________        _____________________