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Contingency release
Wipe-out clause, kick-out provision.
Provisions providing that the sellers will continue to market their home until they receive another offer to purchase their home that does not contain the contingencies the sellers indicated or buyers remove those contingencies the sellers specified.
After the sellers receive a contract without the detailed contingencies, the original buyers have the specified time agreed on to remove the contingencies or the sellers may sell their home to the buyers who offered them a contract without the contingencies.
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