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In this tutorial, the focus is on termination and release agreements. It is emphasized that while successful transactions are ideal, not all proceed to closing. The termination form is described as an optional, unilateral notification used by one party to formally terminate a transaction. It is advised to use this form alongside a fully executed release agreement. The receiving party usually responds by indicating they will consult their attorney regarding unmet contract obligations, often leading to disputes that might result in litigation. Understanding the distinction and appropriate use of these documents is crucial for managing failed transactions.