Hello fellow Security Consultants @ antionline I found this article @ http://www.neworder.box.sk/explread.php?newsid=10218 excellent thread on Microsoft Word Form Protection Bypass.

The full article can be found at http://www.neworder.box.sk/explread.php?newsid=10218

Description:
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When saving protected Word-documents as html-files, Word adds a
"checksum" of the password (enclosed in a proprietary tag) to the
code. The checksum format looks somewhat like CRC32 but currently
there are no further details available. The same checksum can be
found within the original Word document (hexadecimal view). If this
"checksum" is replaced by 0x00000000 the password equals an empty
string.

Example:
--------

1.) Open a protected document in MS Word
2.) Save as "Web Page (*.htm; *.html)", close Word
3.) Open html-document in any Text-Editor
4.) Search "" tag, the line reads something like
that: ABCDEF01
5.) keep the "password" in mind
6.) Open original document (.doc) with any hex-editor
7.) search for hex-values of the password (reverse order!)
8.) Overwrite all 4 double-bytes with 0x00, Save, Close
9.) Open document with MS Word, Select "Tools / Unprotect Document"
(password is blank)

Variation:
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If the 8 checksum bytes are replaced with the checksum of a known
password it should be fairly easy to unprotect the document, make any
necessary changes, save, close and reset the password to the original
(unknown!) password by simply restoring the original values. Document
changed without even knowing the password. Nasty.

(Note: Take care to get file properties (author, organisation,
date/time etc.) right.)

Solution:
---------

No solution is currently available. Do not rely on the "Protect
Forms" mechanism to protect a Word document against changes.
This is a pretty cool little exploit seems fairly simple. I havent peronsally tried it yet, but I will.