A timeshare contract is treated, as a binding legal document, so most people think it can never be canceled. Timeshare companies claim that such a contract cannot be rescinded. How do you then get out of the deal when you realize that it?s not a good investment after all? Should you approach a cancellation company or work with timeshare lawyers? The best course of action is to consult a timeshare lawyer that specializes in consumer protection laws. Time is of the essence when canceling a contract, so it?s crucial to act quickly. Here are some of the basics you need to know about how to legally cancel a timeshare contract without using a timeshare exit company: