Rescission

Rescission is a legal remedy that cancels a contract, effectively returning both parties to their original positions before the agreement was made. If one party breaches the contract or if there are valid reasons, such as misrepresentation or undue influence, the affected party can seek rescission. This means they want to undo the contract, eliminating any obligations or rights it created. It’s like saying, "Let’s pretend this contract never existed," allowing the parties to part ways without further responsibilities that stemmed from the agreement.