In everyday business, partnerships are unavoidable. To make these partnerships formal, permanent and legally right, contracts are usually employed. Unsurprisingly contracts are considered standard practice for business partnerships all over the world. Ideally, partnerships are expected to last as long as possible or as necessary, with the assumption that everything’s going well. But what happens when they don’t? What happens when one or both of the parties to the agreement decides to end the partnership? That is where a rescission agreement, also called a mutual rescission agreement, comes in. Click here to read more.