In this article, our Chicago commercial litigation lawyers explain the potential ways to cancel, negate, otherwise get out of a contract. While it's understood that parties are bound to a contract, there are special cases that would excuse a party from the terms of a contract. the ways to potentially get out of a contract. When a contract is initially made it may seem that you may be bound to it.
These include material breach by the other party, anticipatory repudiation, duress, unconscionability, impracticability, undue influence, fraud, and mistakes and are often other considerations that are discussed in the article that can make a contract illegal or unenforceable.