Writing the Software and Services Quit Claim document
Insert project description here
For valuable consideration given, Company Name hereby releases all interest in source code it has in its possession relating to the software and services rendered for, or on behalf of client, and agrees to settle all outstanding financial obligations for $ (includes 1/2 month of web hosting). The original amount of invoice is $amount.
Both parties agree that:
Company Name owes no further monies, licenses, royalties or other payments to Company Name. Company Name owes no further obligation for support or development to.
Company Name will provide a copy of all source code that it has in its possession to Company Name upon execution of this agreement. Company Name will destroy any client data it has in its possession upon execution of this agreement.
ACCEPTANCE OF AGREEMENT:
I, the undersigned (client) understand that, by signing this agreement, I release Company Name from any and all liability, tort, or claim concerning this project. Company Name may now charge $ for outstanding monies owed for completion of the project.