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theres a three-day window within which the contract can be cancelled and that three days starts to tick from the time that both parties receive the contract it gets then turned over to their attorney and as long as either the attorney for the buyer or the attorney for the seller sends a letter to the other party indicating that they cancel the contract subject typically subject to particular changes that they want to incorporate the attorney review period has been satisfied the contract is not cancelled forever its just cancelled subject to certain changes that either side might want to make if the contract is not cancelled within those three days then its legally binding as is once an attorney for either party does cancel the three days is no longer applicable the attorney review period can go on for an hour another day or weeks i currently have one thats been in review for weeks because there are a lot of contingencies on closing dates and its we just cant pin down the actual t