The Cancellation Of Buyer Representation Agreement Form is a crucial document used in the Dutch real estate market when a buyer wishes to formally terminate their relationship with a real estate agent or agency. This document becomes necessary when either party desires to end their professional relationship before the completion of a property purchase, or when circumstances require a change in representation. It must comply with Dutch Civil Code requirements, particularly Articles 408 and 425-427 of Book 7, which govern agency agreements and their termination. The form includes detailed information about the original agreement, parties involved, reason for cancellation, effective date of termination, and any financial settlements required. It serves to protect both parties' interests and provides clear documentation of the termination decision.
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1. Parties: Identification of the buyer/client and the real estate agent/agency, including full legal names, addresses, and registration numbers
2. Background: Reference to the original Buyer Representation Agreement, including its date and any relevant reference numbers
3. Definitions: Key terms used in the cancellation form, including 'Agreement', 'Effective Date', and 'Services'
4. Cancellation Declaration: Clear statement of the intention to cancel the Buyer Representation Agreement
5. Effective Date: Specification of when the cancellation takes effect
6. Outstanding Fees: Statement regarding any fees due or payment obligations up to the cancellation date
7. Mutual Release: Statement releasing both parties from future obligations under the original agreement
8. Signatures: Space for dated signatures of all parties
1. Reason for Cancellation: Optional section to state the reason for cancellation, recommended when needed for record-keeping or when required by the original agreement
2. Transition of Services: Details about the handover of any pending matters or documents, used when there are ongoing activities that need to be addressed
3. Reimbursement Terms: Specific terms for any refunds or pro-rated fees, included when there are prepaid services
4. Survival Clauses: Identification of any provisions from the original agreement that survive termination, used when there are confidentiality or other continuing obligations
5. Dispute Resolution: Specific procedures for resolving any disputes related to the cancellation, included when there are complex circumstances or significant outstanding issues
1. Schedule A - Original Agreement: Copy or summary of the original Buyer Representation Agreement being cancelled
2. Schedule B - Fee Calculation: Detailed breakdown of any outstanding fees or refunds, if applicable
3. Schedule C - Service Summary: Summary of services provided up to the cancellation date, if needed for record-keeping
4. Appendix 1 - Supporting Documents: Any relevant supporting documentation such as correspondence or property information
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