In Colorado, the 3-day right of rescission law lets a homeowner cancel a contract with an equity purchaser until midnight of the third business day after signing the contract or before the foreclosure sale, whichever happens first.

Furthermore, the consumer can rescind the transaction as provided under the federal Truth in Lending Act (TILA). This right allows the consumer to rescind the transaction within three days of completing the transaction.

Case law has established that to win a breach of contract case in Colorado, you must prove four things: 

1.    There was a contract between you and the other party.

2.    You did what you were supposed to do under the contract. 

3.    The other party didn't meet their contractual obligations. 

4.    You suffered some kind of loss because of this. 

If someone sues you for breaking a contract, you need a valid excuse for not fulfilling your obligations. 

If you’re the one filing the lawsuit, you need to show how the other party's failure to follow the contract caused you harm.

A breach of contract occurs when someone doesn't do what they promised without a good legal reason. If this happens, you can ask for money to compensate for your losses. This might include:

• Money you spent because of the broken promise

• Chances you missed out on

• Profits you didn't make

Litigation aims to put you where you would have been if the contract was followed. Sometimes, a court can also make the other party do what they initially promised. The exact solution depends on your specific situation.