The four parties are splitting up thier business relationships. The four parties have argued for months about who is at fault for certain businesses failing, who is the reason the other business is a success, etc. etc. Each party has threatened to sue the other on multiple occasions. They ended up deciding that the best idea was to simple go seperate ways and not sue each other. The main person threatening all of the law suits was Husband and Wife A. So the Husbad and Wife B,C, and D said we will agree to go our seperate ways but you need to agree not to sue us and provide a hold harmless. The hold harmless was drafted with a mutual hold harmless agreement between all parties. It was only signed by 3 of the 4 couples.
Its worded a little different. Here is the contract language. Does this change anything? Thanks so much for your help.
Mutual Release of Liability
For $10 and other good and valuable consideration, the receipt is which is hereby acknowledged, and deemed and declared sufficient, XXXXX, their successors, heirs and assigns, hereby release XXXX and XXXXXX on the one hand, and XXXXXXXX, their successors, heirs and assigns, hereby release XXXXX on the other hand, from any and all claims, duties, contracts, liabilities, torts, damages, and responsibilities, known or unknown, both contractual and personal, arising from or related to, in any manner, fashion or circumstance, the following:
XXXXXXXX did not Sign.
Wow, this gets a little crazier. Turns out that XXXXXX did not sign the Agreement either. Only Ryan and Amanda + Bob and Patti Signed.
Ok, Thanks. Last question then I am done.
Is thier a timeframe on signing such a document. R&A and B&P signed 4/23/2013. Its now 5/13/2013. We do not want anybody else to sign. Thanks again
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