- Knowledge Base
- Contracts
- Contract Management
Canceling/Rescinding a Contract
To cancel a contract, navigate to the appropriate contract details page and scroll to the bottom. Click Reset/Rescind. Enter the reason for rescinding the contract and click Reset/Rescind to reset the contract.
Note that this action is permanent and cannot be undone, so be absolutely certain you wish to cancel the contract before proceeding.
A rescinded contract will cause the following:
- The contract status will change to Rescinded (or the custom status for rescinded contracts for your specific project, if one was created).
- The contract will be archived but can still be viewed as an inactive contract.
- If the contract was assigned from a previous buyer, the original contract will be reactivated.
- If the contract was not assigned from a previous buyer, the inventory status will be reset.
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