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Hi, Im Reed Bloodworth, the managing partner of Bloodworth Law with offices Orlando, Florida and Winter Haven, Florida. At Bloodworth Law, we handle a broad range of business and contract litigation. Today, I am going to talk about rescission of a contract. What does it mean to rescind a contract? When you sign a contract in Florida, you should generally assume that the contract will be enforced. Rescission of contract means the contract is unmade or undone from its very beginning. This means the contract no longer has any effect. Rescission of a contract can happen: (1) by mutual agreement of parties; (2) by one of the parties declaring rescission of the contract, without the other if legally sufficient grounds exists; or (3) by filing a lawsuit to get a court to declare the contract is rescinded. As a cause of action in a complaint, Rescission is an equitable cause of action used to undue a contract and put the parties back in the position they were before the formation of the contr