Notice

TXR 1939 — Commercial Contract Termination Notice

This notice provides a standardized form for either party to formally terminate a TXR commercial contract. It identifies the sender and recipient, references the specific contract being terminated, and provides multiple options for the basis of termination -- including buyer's feasibility period ter

Source: TXR
Form Number: 1939
Category: Notice
Revised: January 26, 2010

Used For

Commercial Sales

Form Outline

The TXR 1939 form is organized into the following sections:

  1. Header and Contract Identification
    Identifies the sender and recipient of the termination notice (buyer or seller), the property address, and the effective date of the contract being terminated.
  2. Termination Under Paragraph 7B (Feasibility Period)
    Buyer terminates under Paragraph 7B (feasibility period) and requests earnest money refund. Seller retains independent consideration per the contract.
  3. Termination Under Other Contract Paragraph
    Terminates the contract under a specified paragraph other than 7B. The paragraph number must be filled in.
  4. Release of Earnest Money
    Attaches an earnest money release form and provides instructions for its delivery to the escrow agent, either through a specified contact person or directly by the recipient.
  5. Other
    Open text area for additional termination-related information, explanations, or requests.
  6. Signature Block
    Signature blocks for up to two signatories with entity name, signature, printed name, title, and date lines. Only the terminating party signs.

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