Right To Cancel A Contract
Full Video Transcript
Wondering about breaking a contract? Well, there are actually a variety of ways you can legally get out of a contract depending on your situation. For instance, if one party committed fraud, or even simply misrepresented an aspect of the agreement that is crucial to you, you may be relieved from having to live up to it. Also, if there was some big mistake that happened… for instance if one or both of you mistakenly believed a product or a service to be of a special type that later turned out to be false, then even that honest mistake could be a basis for not enforcing the contract or perhaps revisiting it. Other times, circumstances may arise that render the performance due under the agreement simply impossible to complete. And certainly, if the other side breaches, or doesn't live up to their end of the deal, it may be a valid reason to get out of your side. Finally, if the contract wasn't properly entered into, it may lack the legal sufficiency required for enforcement. Now obviously, these are just some of the basic legal principles. The difficult part often arises in trying to figure out how they fit into the facts and circumstances of your particular situation. For more information about how any of these or other legal mechanisms can help you with contractual obligation, contact an attorney today.