Legal Question in Real Estate Law in Minnesota

Re: Purchase Agreements

If both parties have signed it, it never really expires. It remains enforcible for a reasonable period of time. Trouble is, nobody knows for sure how long that is.

The best way for you to be sure the agreement is gone is for both parties to sign a cancellation agreement. That would take care of it for sure and is what you should do.

There is also a procedure for serving a notice of cancellation on the other party. The procedure is complicated and you need a lawyer for that one.

Good luck