Rescission of a contract occurs when two parties mutually agree to cancel a contract they had previously made.

Name: Rescission of a contract occurs when two parties mutually agree to cancel a contract they had previously made.
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Rescission of a contract is a mutual agreement between the parties to terminate their contract and restore them to the positions they would have been in if the contract had never been made.

Rescission of a Contract Occurs When Two Parties Mutually Agree