Notice

TXR 1939 — Commercial Contract Termination Notice

A standardized notice by which either party formally terminates a TXR commercial contract. It identifies the sender and recipient (each marked Buyer or Seller), the property and the contract's effective date, then the basis of termination — check all that apply: (A) Buyer terminates under Paragraph 7B (the feasibility period) and requests the escrow agent to refund the earnest money to Buyer; (B) termination under another stated paragraph of the contract; (C) a release of earnest money is attached, to be returned to a named person for delivery to the escrow agent or delivered by the recipient directly; (D) other. Signed by the terminating party (up to two signers, each with an entity line, printed name, title and date).

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. TO / FROM / RE
    Identifies the recipient (TO) and sender (FROM) of the termination notice, each marked Buyer or Seller, the property, and the effective date of the contract being terminated.
  2. A. Termination Under Paragraph 7B (Feasibility Period)
    "Check all that apply." ❑ A. Buyer notifies Seller that Buyer terminates the contract in accordance with Paragraph 7B of the contract and requests the escrow agent to refund the earnest money to Buyer in accordance with the terms of the contract. No blank beyond the box.
  3. B. Termination Under Another Contract Paragraph
    ❑ B. The contract is terminated in accordance with Paragraph ___ of the contract.
  4. C. Release of Earnest Money
    ❑ C. Attached to this notice is a release of earnest money executed by the undersigned instructing the escrow agent to release the earnest money (attach TXR-1904 Release of Earnest Money or other form). Then ❑ (1) return the signed release to a named person who will deliver it to the escrow agent (Name / Address), or ❑ (2) the recipient may deliver the release to the escrow agent directly.
  5. D. Other
    ❑ D. Other: ___ — unruled white space for any other termination-related statement or request.
  6. Signature Blocks
    Two execution blocks for the terminating party: "By: ___" (the party or entity name), "By (signature): ___", "Printed Name: ___", "Title: ___" and "Date: ___". Only the terminating party signs; the second block is for a second signer or co-party. Signature and Date are e-sign tabs.

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