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In this tutorial, Davis from the Greater Atlanta Realtors discusses how to properly complete a termination and release agreement. He highlights the GAR Form F 522, which serves as the unilateral notice to terminate a purchase and sale agreement and propose earnest money disbursement. Davis emphasizes that while this form addresses two issues—the termination of a contract and the disbursement of earnest money—they are distinct contractual matters. He explains that unilateral termination requires only one party's signature, and any party can terminate a contract. The reason for termination, whether by default or due to an unexpired contingency, is crucial in determining the process.
