Termination Of Contract For Service In Cuyahoga

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• County: Cuyahoga
• Control #: US-00048DR
• Format: Word; Rich Text

Description

The Termination of Contract for Service in Cuyahoga form is designed for use when parties wish to end a listing agreement established between a real estate broker and a seller. This form allows both the broker and seller to formally agree on the termination date and release each other from further obligations under the original listing agreement, except for compensatory claims for prior work. Key features include spaces for the parties' names, addresses, and signatures, as well as sections detailing the mutual agreement for termination and conditions surrounding financial reimbursements. Filling out this form requires the specific dates of the listing agreement and termination, as well as acknowledgment of any expenses incurred. Specific use cases include real estate transactions where a seller wants to end representation from a broker, allowing for clarity and legal protection for both parties. It is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate law or property management by providing a clear process for concluding service agreements, thus minimizing the risk of misunderstandings or disputes.