A rescission letter cancels or reverses a contract or agreement. This letter is often used when one party has entered into an agreement with another party but has since changed their mind and wants to void the deal. In some cases, the other party may have breached their rights under the agreement and may not be willing to cancel. In such cases, it may be necessary to seek legal advice to determine the best course of action.
With timeshare cancellation, the rescission clause provided in the fine print of a timeshare agreement often lasts only between 3 and 15 days. Therefore, to cancel a timeshare purchase, a rescission letter must be delivered to the resort that sold the timeshare within the specified timeframe to be acknowledged.
