What does "Unilateral Rescission" allow one party to do?

Unilateral rescission allows one party to cancel the contract at their discretion. This concept is based on the idea that one party may have the right to terminate the contract without needing the agreement of the other party, typically due to conditions such as misrepresentation, undue influence, or other forms of contractual violation.

In the context of New Mexico real estate law, unilateral rescission can be an important remedy that protects a party's interests in situations where they believe the terms of the contract are no longer favorable or have been compromised in any way.

Other options involve fulfilling or negotiating the terms of the contract, which does not align with the concept of unilateral rescission, as this action specifically pertains to the cancellation of the contract rather than modification or performance. Additionally, demanding compensation for breach indicates a different legal remedy, typically pursued after a contract has been broken, rather than canceling a contract outright.