26 April Mutual Release of Contract/Release of Deposit. April 26, 2017 By Cindy Sellers Contracts 0 The Mutual Release of Obligation Under Contract/Mutual Release of Deposit Agreement is actually two separate forms on one page.Use the top section of the form, the Mutual Release of Obligation Under Contract, when Buyer and Seller mutually agree to terminate the Contract. The bottom section, the Mutual Release of Deposit Agreement, is used where Buyer and Seller agree on how the Deposit should be disbursed. Related Posts Unilateral Notice of Termination Under Contract/Release of Deposit. Unilateral Notice of Termination Under Contract/Release of Deposit. What is the difference between one party terminating the agreement and both parties executing a contractual release agreement? What is the difference between one party terminating the agreement and both parties executing a contractual release agreement? What options does a broker have when there is dispute over the deposit? What options does a broker have when there is dispute over the deposit? If a tenant and landlord agree that the tenant is to pay rent in advance, is that a violation of the law limiting the amount of security deposit to two months' rent? If a tenant and landlord agree that the tenant is to pay rent in advance, is that a violation of the law limiting the amount of security deposit to two months' rent? What is the Interest Rate for Security Deposits? What is the Interest Rate for Security Deposits? Interest Rate for Security Deposits Interest Rate for Security Deposits Comments are closed.