Cancelable Agreement
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.
Popular Real Estate Terms
Person protecting himself from risk or negative consequences, such as by taking out homeowner's insurance. Material used to block or restrain something from entering a house, ...
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