There are several reasons why a business might seek to rescind a contract. These include:
Misrepresentation: One party has provided false information or assurances that induced the other party to enter into the contract. Duress: When one party is forced into the contract under threats or unlawful pressure. Mistake: Both parties entered into the contract based on a mutual mistake of fact. Breach of Contract: One party fails to fulfill their obligations, giving the other party grounds to rescind. Fraud: Intentional deception by one party to secure an unfair advantage over the other.