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Law of Property (Miscellaneous Provisions) Act 1989: Key legislation governing formalities for certain contracts, particularly Section 2 which sets out requirements for creation and disposition of interests in land

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, relevant for ensuring all affected parties are considered in the cancellation

Consumer Rights Act 2015: Primary legislation protecting consumer rights, relevant if one party is acting as a consumer in the original contract being cancelled

Supply of Goods and Services Act 1982: Legislation governing contracts for goods and services, important if the original contract involves supply of goods or services

Consumer Contracts Regulations 2013: Regulations covering information requirements and cancellation rights for consumer contracts, particularly relevant for distance selling

Employment Rights Act 1996: Key employment legislation, relevant if the cancellation agreement relates to an employment contract

Equality Act 2010: Legislation protecting against discrimination, must be considered if the cancellation could involve protected characteristics

Limitation Act 1980: Sets statutory time limits for bringing legal claims, relevant for determining deadlines and preservation of rights

Unfair Contract Terms Act 1977: Controls the use of unfair terms in contracts, ensuring the cancellation agreement doesn't contain unreasonable terms

Misrepresentation Act 1967: Governs remedies for misrepresentation, relevant for addressing any misrepresentations in the original contract

Doctrine of Consideration: Common law principle requiring exchange of value for contract validity, must be addressed in mutual cancellation

Mutual Release Principles: Common law principles governing how parties can release each other from obligations and liabilities

Waiver of Rights: Legal principles governing how parties can voluntarily relinquish their legal rights in a contract

Doctrine of Estoppel: Common law principle preventing parties from going back on promises or assertions they've made which others have relied upon