This contract entered into at ---------, on the -------- day of ---------, 19-, by and between A. B., of the City of---------, State of---------, party of the first part, and C. D., of the City of---------, State of---------, party of the second part,

Witnesses:

Whereas, on or about the --------- day of ---------, 19-, said A. B. and said

C. D. entered into a contract by the terms of which [insert substance of contract]; and whereas, in the performance of said contract various controversies, disputes and differences have arisen between said A. B. and said C. D.; and whereas, said A. B. and C. D. desire to compromise and adjust such controversies, disputes and differences without resorting to litigation; now the said A. B. and C. D. mutually agree in full settlement, compromise and* discharge of said controversies, disputes and differences, that said A. B. shall pay to said C. D. in consideration of the covenants of said C. D. hereinafter contained and of the release by said C. D. of all claims against the said A. B. growing out of said contract, the sum of --------- dollars, the receipt whereof is hereby acknowledged by the said C. D.; and furthermore, said A. B. does hereby release and forever discharge the said C. D., his heirs, executors and administrators from all claims, demands and rights of action growing out of said contract; and in consideration of said payment and of said covenants on the part of said A. B., the said C. D. does hereby release and forever discharge the said A. B., his heirs, executors and administrators from all claims, demands and rights of action growing out of said contract.

In witness whereof, etc.

For the validity of compromises, see Sec. 612 et seq., 723 and 924.

For releases, see Sec. 2447 et seq.

For accord and satisfaction, see Sec. 2501 et seq.

For specific performance, see Sec. 3345.