Surrender agreement

About this business activity

A Surrender agreement is used to give up legal rights to a property, asset, or debt.

In Due Course Surrender Agreement

This is an agreement to surrender property, to be used when the parties are not going straight to surrender.

What to watch out for

  • Make sure that both parties are in agreement with the terms of the surrender
  • Make sure that both parties understand the consequences of the surrender
  • Make sure that both parties are aware of any outstanding debts or obligations that need to be paid before the surrender can be finalized
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    Relevant Contract Types

    🏠 Surrender agreement

    A surrender agreement is a legal document that outlines the terms of a surrender, which is the act of giving up something. The agreement covers the surrender of rights, property, or privileges in exchange for something else. In some cases, a surrender agreement may be used to end a legal dispute between two parties."

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