The original contract needs not to be performed, if there is

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All of the options listed (rescission, novation, and alteration of a contract) are circumstances under which the original contract may not need to be performed. Rescission refers to the mutual agreement to cancel the contract, novation involves replacing the original contract with a new one or substituting a new party for the original one, and alteration means the terms of the contract have been changed. In each case, the original contractual obligations are either nullified, replaced, or significantly changed.

The Original Contract Needs Not to Be Performed, If There