Undoing Contracts

Undoing contracts, often referred to as "rescission," is a legal process where parties can cancel or revoke a contract. This typically occurs when one party did not fully understand the agreement, when there was fraud or misrepresentation, or if there was a significant change in circumstances. When a contract is undone, both parties are typically restored to their original positions, as if the contract never existed. It's important to act promptly and follow legal procedures, as there are specific time limits and requirements for rescinding a contract effectively.