Is it possible to cancel/void/rescind a contract after both parties have signed it but the contract is not in-effect yet? Of course, the cancellation has been decided after mutual agreement.
For example, both the parties signed a contract today (22nd May, 2018) that will become effective on July 1st, 2018. Can either of the party cancel/void/rescind it before July 1st, 2018, provided it’s covered in a clause in the agreement. Also, considering the cooling period, if any.