Listing Agreement Cancellation Clause With Seller In Middlesex

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

Description

The Listing Agreement Cancellation Clause with Seller in Middlesex outlines the mutual termination of an existing real estate listing agreement between a broker and a seller. It begins by identifying both parties and the agreement's original start date, followed by a specified termination date. Importantly, the clause stipulates that the broker waives any claims against the seller related to the agreement's termination, except for the reimbursement of certain expenses such as advertising costs. Additionally, the seller releases the broker from any future obligations arising from the agreement. The clause ensures that any commissions earned prior to termination are still recognized and reserved by the broker. The clear structure and explicit mutual release are designed to protect both parties' interests while facilitating a smooth conclusion to their business relationship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it provides necessary legal clarity and procedural guidance. Users can complete and customize the form as needed, ensuring compliance with local regulations while maintaining accurate records of the termination process.