The Contract Cancellation Agreement is a crucial legal instrument used when parties mutually agree to terminate their existing contractual relationship in the Philippines. This document is essential when businesses or individuals need to formally end their contractual obligations before the original term expires or when circumstances necessitate an early termination. It must comply with the Philippine Civil Code requirements for contract termination and mutual agreements. The document typically includes detailed provisions for settling outstanding obligations, returning property, maintaining confidentiality, and releasing parties from future commitments. It's particularly relevant in situations where a clean break is desired, or when changing business circumstances require formal documentation of the contract's end. The agreement helps prevent future disputes by clearly documenting the terms of separation and any post-termination obligations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the cancellation agreement, including their full legal names, addresses, and any relevant registration numbers
2. Background: Details of the original contract being cancelled, including its date, purpose, and any relevant history leading to the cancellation
3. Definitions: Definitions of key terms used in the agreement, including reference to the Original Contract and Effective Date of cancellation
4. Cancellation: Clear statement of the mutual agreement to cancel the original contract and the effective date of cancellation
5. Settlement of Outstanding Obligations: Details of how any outstanding obligations, payments, or deliverables will be handled
6. Mutual Release: Statement releasing both parties from future obligations under the original contract and waiver of claims
7. Return of Property: Provisions for the return or disposal of any property, documents, or confidential information
8. Governing Law: Specification that the agreement is governed by Philippine law
9. Execution: Signature blocks and execution formalities
1. Survival Clauses: Identifies which provisions from the original contract will survive the cancellation, such as confidentiality obligations
2. Transition Arrangements: Used when there needs to be a structured handover or wind-down period
3. Tax Provisions: Include when there are specific tax implications that need to be addressed
4. Dispute Resolution: Include when parties want to specify a particular method for resolving any future disputes about the cancellation
5. Third Party Rights: Include when the cancellation affects the rights of any third parties to the original contract
6. Public Announcements: Include when there needs to be coordination on any public statements about the cancellation
1. Schedule of Outstanding Payments: Detailed list of any payments to be made between parties as part of the cancellation
2. Property Inventory: List of any physical or intellectual property to be returned or transferred
3. Timeline of Termination Activities: Detailed schedule of any actions required to complete the termination process
4. Original Contract: Copy of the original contract being cancelled, attached for reference
Relevant legal definitions
Clauses
Relevant Industries
Legal Services
Construction
Real Estate
Information Technology
Manufacturing
Retail
Professional Services
Healthcare
Education
Financial Services
Telecommunications
Energy
Agriculture
Transportation and Logistics
Relevant Teams
Legal
Procurement
Operations
Compliance
Risk Management
Contract Administration
Business Development
Corporate Affairs
Finance
Administrative
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Legal Officer
Operations Manager
Procurement Manager
Project Manager
Risk Manager
Compliance Officer
General Manager
Commercial Director
Administrative Manager
Company Secretary
Find the exact document you need
Mutual Termination Of Employment Contract
A Philippine law-compliant agreement for the consensual termination of employment between employer and employee, outlining separation terms and mutual obligations.
Download
Ending Lease Letter
A formal notice document used in the Philippines to terminate a lease agreement, complying with Philippine property laws and regulations.
Download
Letter Of Finish Contract
A formal document under Philippine law that certifies the completion of contracted works or services and confirms fulfillment of all contractual obligations.
Download
Ending Tenancy Agreement Letter
A formal notice under Philippine law to terminate a lease agreement between landlord and tenant, including termination date and inspection arrangements.
Download
Letter Not To Renew Contract
A formal notice template under Philippine law for communicating the decision not to renew an existing contract.
Download
Agreement Cancellation Deed
A Philippine law-governed deed that formally terminates an existing agreement between parties, including mutual releases and settlement terms.
Download
At Will Contract
Philippine-compliant At-Will Employment Contract establishing employment terms while adhering to local labor laws and regulations.
Download
Termination Of Contract Letter To Employer
A formal letter used in the Philippines to notify an employer of an employee's decision to terminate their employment contract, complying with Philippine labor laws and notice period requirements.
Download
Termination Of Contract Letter To Employee
A formal employment termination letter compliant with Philippine labor laws, serving as official notification of employment termination with all legally required elements.
Download
Termination Of Rental Agreement Letter By Tenant
A formal notice under Philippine law from a tenant to a landlord declaring the intention to terminate a rental agreement, including essential termination details and legal requirements.
Download
Termination Of Agency Agreement
A Philippine law-governed agreement that formally terminates an agency relationship, settling all obligations between principal and agent.
Download
Partner Exit Agreement
A Philippine law-governed agreement documenting a partner's withdrawal from a partnership, including exit terms, financial settlements, and ongoing obligations.
Download
Cancellation Of Property Sale Agreement
A legally binding document under Philippine law that terminates an existing property sale agreement and outlines the terms of cancellation between parties.
Download
Release And Cancellation Of Contract
A Philippine law-compliant document that formally terminates an existing contract and releases parties from their contractual obligations.
Download
Cancellation Of Agreement To Sell
A Philippine law-governed document that formally terminates an existing Agreement to Sell, settling all obligations between parties.
Download
Relinquishment Agreement
A Philippine law-governed agreement where a party formally surrenders their rights or interests in property or legal claims.
Download
Severance And Release Agreement
A Philippine law-governed agreement documenting employment termination terms, severance benefits, and mutual release of claims between employer and employee.
Download
Cancellation Of Agreement For Sale
A Philippine law-governed document that formally terminates an existing sale agreement, outlining cancellation terms and mutual releases between parties.
Download
Cancellation Of Contract To Sell
A Philippine law-compliant document that formally terminates a Contract to Sell, settling all obligations between seller and buyer.
Download
Employment Release Agreement
A legally binding agreement under Philippine law that documents the terms of employment termination and mutual release of claims between employer and employee.
Download
Early Termination Of Employment Contract
A legally compliant agreement for early employment termination under Philippine labor law, detailing termination terms and final settlements.
Download
Termination Of Rental Agreement
A Philippine law-compliant agreement that formally terminates a rental arrangement between landlord and tenant, outlining termination terms and settlement procedures.
Download
Cancellation Of Service Contract
A Philippine law-governed agreement that formally terminates an existing service contract, outlining termination terms and mutual obligations.
Download
Mutual Separation Agreement Employment
A legally binding agreement under Philippine law that documents the mutually agreed termination of employment, including separation terms and benefits.
Download
Cancellation Of Purchase Agreement
A Philippine law-governed agreement that formally terminates an existing purchase agreement, outlining cancellation terms and mutual obligations.
Download
Termination Without Cause Contract
A Philippine law-compliant agreement documenting employment termination without cause, including separation terms and benefits.
Download
Termination Of Independent Contractor Agreement
A Philippine law-governed agreement that formally ends an independent contractor relationship, settling all obligations and establishing post-termination terms.
Download
Mutual Cancellation Agreement
A Philippine law-governed agreement documenting the mutual consent of parties to terminate an existing contract, including settlement terms and mutual releases.
Download
Termination Of Service Agreement
A Philippine law-compliant agreement that formally terminates an existing service relationship between parties, outlining termination terms and final obligations.
Download
Non Disclosure Agreement Employee Termination
A Philippine law-governed agreement that manages employee termination while protecting company confidential information and establishing ongoing confidentiality obligations.
Download
Contract Cancellation Agreement
A formal agreement under Philippine law that mutually terminates an existing contract between parties, outlining termination terms and final obligations.
Download
Mutual Termination Of Employment Letter
A formal letter documenting mutual agreement to end employment under Philippine law, including termination terms and conditions.
Download
Loan Termination Agreement
A Philippine law-governed agreement that formally terminates a loan arrangement between parties, documenting final settlement terms and mutual release of obligations.
Download
Employment Termination Agreement
A Philippine law-compliant agreement that formalizes the termination of employment relationship, including statutory benefits and mutual obligations.
Download
Mutual Termination Agreement
A Philippine law-governed agreement that documents the mutual consent of parties to terminate an existing contract and establish terms for concluding their business relationship.
Download
Employee Exit Agreement
A legally binding agreement under Philippine law that documents the terms and conditions of an employee's separation from employment, including final settlements and mutual obligations.
Download
Termination Of Employment Contract
A legally compliant document under Philippine law that formalizes the termination of employment between an employer and employee, including all necessary terms and settlements.
Download
Exit Agreement
A Philippine law-governed agreement that formalizes employment termination, detailing separation terms and mutual obligations between employer and employee.
Download
Agreement Termination Letter
A formal notice under Philippine law to terminate an existing agreement, specifying the termination details and post-termination obligations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)