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[Music] [Applause] [Music] today i want to discuss with you when a notice of termination is required to preserve a partys right to terminate the contract fortunately the trek broker lawyer committee drafted and the commission adopted the promulgated buyers notice of termination and sellers notice of termination each form lists the specific provisions under which a notice of termination from one party to the other is required for instance the buyers notice of termination lists seven contingencies under the contract and the agenda that require a notice from buyer to seller failure to give such notice results in a waiver of buyers right to terminate the contract under that particular contingency the sellers notice of termination has one item listed and that is for failure to deposit the earnest money within the time provided both termination notices provide a space for other the other could cover notice of termination under paragraph 15 of the contract when one party terminates the