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Contracts
10/27/2009 4:06:04 PM EST
UCC, Commercial Contracts & Business LC Staff
Free Form of the Month (Current Legal Forms with Tax Analysis) - FORM 22.20 Release agreement terminating existing real estate contract

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This form is intended for use in terminating an existing real estate sale agreement under certain circumstances (described within the form). It contains a confidentiality provision requiring the erstwhile purchaser or tenant to remain silent about its reason for terminating the deal. Such a clause is designed to protect the seller or lessor from the ill effects of adverse publicity. The seller or lessor will be hard pressed to find a new buyer or tenant for the property if word spreads throughout the community about the reason why the deal failed.
 
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