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The tutorial covers the differences between termination and release agreements in transaction processes. A termination form is an optional, unilateral document used by one party to notify the other party of transaction termination. It solely terminates the agreement, often leading to the receiving party responding with intentions to involve an attorney regarding unmet contract items, which can escalate to disputes or litigation. In contrast, the speaker advises against using a termination form without a fully executed release agreement, implying that the latter is necessary for a clearer and more equitable resolution of terms between both parties.