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The tutorial discusses termination and release agreements, highlighting their differences and uses. A termination form is an optional, unilateral notification indicating that one party is ending the transaction. It does not involve the other party's consent and may lead to disputes or litigation regarding unmet contract terms. It is recommended to have a fully executed release agreement before using a termination form. This helps to clarify the agreement's terms and mitigate potential issues. The tutorial emphasizes the importance of understanding these documents to navigate transactions effectively.