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In this tutorial, the speaker discusses termination and release agreements, emphasizing the importance of understanding both documents in real estate transactions. A termination form is described as an optional, unilateral notification that one party uses to terminate the transaction. It is recommended not to use this form without a fully executed release agreement. The termination form may lead to responses indicating possible disputes regarding unmet contract items, potentially resulting in litigation. The speaker highlights the significance of being well-informed about these documents to navigate outcomes effectively.