Cancellation Agreement Form For Payment In Orange

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

Description

The Cancellation Agreement Form for Payment in Orange is a legal document designed to formally terminate a listing agreement between a real estate broker and a seller. This form outlines the mutual agreement to cancel the listing, specifies the effective date of termination, and includes clauses regarding the waiver of claims and release from obligations by both parties. It highlights that the broker relinquishes any claims for further payments, except for the reimbursement of specific expenses such as advertising costs. The form also preserves the broker's rights to compensation earned prior to the termination date. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions as it ensures clarity and legal protection when ceasing a listing agreement. Users can easily fill in the required details such as names, addresses, dates, and amounts to complete the form. It is crucial that the parties sign and date the document to make it legally binding and effective.