To rescind a contract, the parties must make a second agreement that includes consideration.

Name: To rescind a contract, the parties must make a second agreement that includes consideration.
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Rescinding a contract requires a new agreement between the parties that includes consideration, which is something of value exchanged between the parties (such as money, goods, or services). Without consideration, the new agreement would not be legally binding and the original contract would remain in effect.

To Rescind a Contract, the Parties Must Make a Second