What Are the Alternatives to Rescinding a Contract?
In some cases, alternatives to rescinding a contract may be more appropriate. These alternatives include:
Amendment: Modifying the terms of the contract to address the issues at hand. Negotiation: Engaging in discussions with the other party to reach a mutually satisfactory resolution. Mediation: Involving a neutral third party to facilitate a resolution. Arbitration: Using a binding arbitration process to settle disputes.