If you want to cancel a business contract you should see if the business contract you signed has a provision for canceling an agreement for a specific reason.
If you’re canceling a contract, you should put the request to cancel in writing, preferably using a notice of contract termination.
The contract could also be canceled if there’s a breach of the contract, or if the contract is completed.
A contract could be rescinded if an illegal action, mistake, or misrepresentation occurs.