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The Amendment To Terminate Agreement is a critical legal document used when parties mutually decide to end their existing contractual relationship in India. This document is particularly relevant when parties need to formalize the termination of their agreement while ensuring all loose ends are properly tied up. It should be used when there is a need to document the agreed terms of termination, including effective date, final settlements, and ongoing obligations. The document must comply with Indian contract law, particularly the Indian Contract Act, 1872, and may require registration under the Registration Act, 1908, depending on the nature of the original agreement. It's essential for managing business relationships professionally and minimizing potential future disputes by clearly documenting the termination terms.

1. Parties: Identification of all parties to the original agreement who are consenting to its termination

2. Background: Reference to the original agreement, its date, and key details; Brief statement of parties' intention to terminate

3. Definitions: Key terms used in the amendment, including reference to defined terms in the original agreement

4. Termination: Clear statement of termination, specifying the effective date of termination

5. Mutual Release: Release of parties from future obligations under the original agreement

6. Settlement of Accounts: Agreement on final payments or settlements between parties

7. Return of Property: Requirements for return of any confidential information, materials, or property

8. Surviving Provisions: Identification of any provisions from original agreement that will survive termination

9. Governing Law: Confirmation of applicable law (Indian law) governing the termination

10. Execution: Signature blocks for all parties