End Of Contract With In Franklin

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

Description

The End of Contract within Franklin is a termination form specifically designed for real estate professionals to formally end a Listing Agreement between a broker and a seller. This document outlines the mutual agreement to terminate the existing contract, detailing the obligations of both parties upon termination. Key features include the acknowledgment of the effective termination date, a waiver of further claims or obligations by the broker against the seller, and a release of the broker from any future responsibilities under the agreement. It also stipulates that any commissions or compensation earned prior to the termination remain intact. Filling out the form requires users to complete specific sections, including names, addresses, and dates, ensuring all information is accurately recorded. The form should be signed by both parties to confirm their agreement to the termination. The utility of this form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, providing a clear and concise method to conclude contractual obligations and protect the rights of both parties.