To rescind a contract, a business must follow certain legal procedures. These steps often include:
Reviewing the contract to understand the provisions related to rescission. Gathering evidence to support the grounds for rescission, such as proof of misrepresentation or breach of contract. Providing notification to the other party, typically in writing, stating the intent to rescind the contract and the reasons for doing so. Pursuing legal action if necessary, especially if the other party disputes the rescission.