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The seller must give you a written notice telling you about your right to cancel the agreement, plus two copies of a cancellation form. Some contracts must tell you about your right to cancel, how to cancel them, and where to send the cancellation notice.Terminating the contract. A contract can permit the parties to terminate the agreement in a variety of ways. See the attached notice of cancellation form for an explanation of this right. In general, the effect of the termination of a contract is to discharge the parties from their unperformed obligations under the contract. A Notice of Contract Termination creates a record that you notified the other party about the cancellation of a contract and the effective end date. Know how to cancel your contract.
