Cancelable Agreement

Definition of "Cancelable agreement"

George Anderson & Ken Calder real estate agent
George Anderson & Ken Calder, Real Estate Agent Addicted Realty

Contractual clause allowing one or both parties to terminate the agreement if a specified occurrence takes places. This is a cancellation clause, which allows the agreement to become null and void, thereby allowing the parties to end their duties. The cancellation stipulation protects the interest of each participant if one is damaged.

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