Unilateral notice to terminate purchase and sale agreement 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the Binding Agreement Date and property address in the designated fields. This information is crucial for identifying the specific agreement being terminated.
3. Select whether you are the Buyer or Seller terminating the agreement by checking the appropriate box. This clarifies who is initiating the termination.
4. Provide a reason for termination by selecting one of the options: Due Diligence Period, failure of contingency, default, or other lawful reasons. Fill in any necessary details in the provided spaces.
5. Sign and date where indicated for both Buyer and Seller. Ensure all parties involved have completed their signatures to validate the notice.
6. In the Proposed Disbursement of Earnest Money section, specify how you wish to allocate any earnest money held. Clearly state amounts and recipients.
7. Review all entries for accuracy before finalizing your document. Once satisfied, save your changes and distribute as needed.

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