This form is a model Authority to Cancell Lien. Lienholder files with court certifying that indebtedness has been satisfied and lien should be cancelled. Adapt to fit your specific facts and circumstances.
In the state of Arizona, the Authority to Cancel refers to the legal right or power granted to an individual or an entity to terminate, revoke, or dissolve an existing agreement, arrangement, or contract. This authority allows the party to unilaterally cancel the contract without the need for the other party's consent. The Authority to Cancel is typically included in contractual agreements to provide flexibility and protect the parties' interests in case of unexpected events or changing circumstances. In Arizona, there are different types of Authority to Cancel, each applicable to specific situations. These types include: 1. Authority to Cancel by Mutual Agreement: This type of cancellation authority happens when both parties to a contract agree to terminate the agreement. It can be done through a written amendment to the original contract or a separate agreement between the parties. 2. Authority to Cancel for Breach of Contract: This type of cancellation authority allows one party to terminate the contract if the other party fails to fulfill its contractual obligations. The non-breaching party must typically provide notice to the breaching party and allow them an opportunity to remedy the breach before cancellation. 3. Authority to Cancel for Convenience: In some instances, a contract may include a provision that allows one party to cancel the agreement without any specific reason or cause. This type of cancellation authority is often seen in government contracts or long-term agreements where circumstances may change over time. 4. Authority to Cancel for Force Mature: This type of cancellation authority comes into play when performance under a contract becomes impossible or impracticable due to unforeseen events or circumstances beyond the parties' control. Examples of force majeure events include natural disasters, acts of terrorism, war, or government regulations. It is important to note that the specific terms and conditions governing the Authority to Cancel may vary depending on the language included in the contract. It is recommended to consult with legal professionals or contract experts familiar with Arizona state laws to ensure compliance and enforceability when exercising the Authority to Cancel.
