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MUTUAL CANCELLATION OF PURCHASE CONTRACT It is hereby mutually agreed by and between Seller(s): And Buyer(s) That the purchase contract dated covering the following described property be cancelled.
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How to fill out mutual cancellation of purchase

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How to fill out mutual cancellation of purchase?

01
Obtain the mutual cancellation of purchase form from the relevant authority or organization.
02
Fill in your personal details, such as your name, address, and contact information.
03
Provide the details of the purchase that you wish to cancel, including the date of purchase, the item or service purchased, and any accompanying documents or receipts.
04
Clearly state the reason for the cancellation, whether it's due to a change in circumstances, dissatisfaction with the product/service, or any other valid reason.
05
Indicate whether you would like a refund, exchange, or any other resolution in regards to the canceled purchase.
06
Sign and date the form, acknowledging that the information provided is true and accurate.
07
Submit the completed mutual cancellation of purchase form to the appropriate party or organization as instructed.

Who needs mutual cancellation of purchase?

01
Customers who have purchased a product or service but wish to cancel the transaction due to various reasons.
02
Sellers who agree to mutually cancel a purchase and provide a refund or alternate resolution to the customer.
03
Organizations or authorities that require a formal procedure for canceling a purchase and documenting the cancellation for administrative purposes.
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Mutual cancellation of purchase refers to the act of cancelling a purchase agreement by mutual agreement between the buyer and seller.
Both the buyer and seller are required to file mutual cancellation of purchase.
Mutual cancellation of purchase can be filled out by providing details of the purchase agreement, reason for cancellation, and signatures of both parties.
The purpose of mutual cancellation of purchase is to legally cancel a purchase agreement and release both parties from their obligations.
Information such as purchase agreement details, reason for cancellation, signatures of both parties, and any terms of cancellation must be reported on mutual cancellation of purchase.
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