The Contract to Buy and Sell Real Estate states that if an unresolved conflict arises between the buyer and the seller, the parties agree to

Termination of the contract is not a specified method for resolving disputes. Rather, it is a last resort when the parties cannot come to an agreement or fulfill their contractual obligations. The contract emphasizes resolution through mediation and arbitration, not termination.

Arbitration is typically considered a more formal and binding process than mediation. The Contract to Buy and Sell Real Estate specifically states that mediation should occur first, providing an opportunity for the parties to discuss and resolve their issues amicably before resorting to arbitration.

An interpleader action is a legal procedure used when multiple parties claim the same right to a stake, usually involving a third party holding the property in question. This process is not mentioned in the contract as a means for resolving buyer-seller disputes, which instead prioritizes mediation and arbitration.