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Contract rescission / cancellation (by KC):

sadais wrote:

Hi . I’m new on this how do you do your resccicion letter ? It had to be a lawyer to write or just you? Thanks

I assume you know that contract rescission can only be initiated within a very limited amount of time after contract execution. The amount of time is determined by individual state law. It can be as few as 3 days (Massachusetts) or as many as 10 days (Florida, Tennessee). In most states the rescission time period is 5-7 days.

You don't need a lawyer and you don't need to provide a reason for cancelling. You only need to be within the time period provided by applicable state law (the state where you actually executed the contract, regardless of where you live). Your rescission letter need only state the following:

"I hereby exercise my legal right, as provided by state law, to rescind the contract executed on (insert date and provide a photocopy of the contract, retaining the original)". Sign and date.

That's it --- simple and easy. Just make sure that everyone who signed the contract also signs the rescission letter, send the letter to the correct address by certified U.S. Mail and make sure that you get the rescission letter postmarked within the time period provided by that particular state's law. Date of actual delivery does not matter. Only the postmark date of the rescission letter matters.

If you snooze, you lose. Tick tock...