For good and valuable consideration received, the undersigned being the holder of an actual, asserted or prospective claim against ___________ arising from:
do hereby covenant that I / we shall not commence or maintain any suit thereon against said party whether at law or in equity provided nothing in this agreement constitutes a release of this or any other party thereto.
This covenant shall be binding upon and inure to the benefit of the parties, their successors, assigns and executors, administrators, personal representatives and heirs.
The undersigned affixes and seals this _________ day of ________, 20 __.
Signed in the presence of:
STATE OF __________________
COUNTY OF _________________
On _______ before me, ________________, personally appeared, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his / her / their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
ID Produced __________________
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