The consequences of the default of a buyer or seller – which are mentioned in lines 172-183 of the 2015 version of the Minnesota Realtors Association (hereinafter the “Federation”), the primary purchase contract (hereinafter the “contract of association”), include one of the most important sections of the agreement of the association, but use legal terms and refer to legal concepts that may not be well understood by the parties to the agreement. In this situation, the term “cancellation” refers to the legal process provided for in the Minnesota Statutes, Section 559.217, Sousd. 3 to put an end to the effectiveness of a sales contract. In Minnesota, sellers must enter into a real estate purchase agreement and the following disclosure statement in order for the sale to be considered legally binding: Brunnen Location (§ 103I.235) – The seller must communicate to the buyer the location of all wells within the boundaries of the land and give a brief description of its current status. The Minnesota Sales Contract is a convenient record of exchanging real estate for a sum of money….