The fact that a timeshare contract is a legally binding document often discourages regretful buyers from getting out of their timeshare obligations even when they badly wish to sever their ties with the timeshare provider. Contrary to popular belief (and regardless what your timeshare seller says or claims), however, timeshare contract cancellation is a possibility under the right circumstances. Similarly, even when you’ve run out of the allowable time for cancelling a timeshare contract, there are still ways that you can get out of a contract. If you have always been one to believe the misconception perpetuated by user groups and timeshare companies controlled by this particular industry, it is high time to correct this misbelieve. Truth is, under the law, contracts can be subject to cancellation for different reasons, such as a mistake or a fraud. Furthermore, a person being burdened by contract obligations may choose to terminate and remove himself from its bondage for reasons other than a breach. The question remains, how do you get yourself out of a timeshare contract without getting into trouble with the law? One of the ways that you can do this is by acting fast, within the cooling off or rescission period of the contract. This is the window of time when you are allowed timeshare contract cancellation and are entitled to a return of your deposit. This is also known as your right to rescission. Once this period expires, many timeshare companies will make you believe that you have in your hands, a non-cancellable contract, therefore binding you in perpetuity to the obligation of increasing maintenance fees, which timeshare ownership entails. It is a common misconception that timeshare companies perpetuate their contracts. As a matter of fact, cancelling timeshare contract can be done by making the timeshare company take the timeshare back or having them agree to release you from all future liability through litigation.