Yes, I am also referring to a breach of contract.
If you contract me to paint your house and say you will pay me for it, and we make a contract that I must paint your house and you must pay you 1000 dollars. Then I change my mind.
I call up the attorney general and my lawyer and the local judge. I say, “Can I just call the guy up and tell him I don’t care what I agreed, I don’t want to paint the house and I won’t do it.” They will tell me I can.
In fact, if I call my local law professor, most of them will tell me I should back out, and I am not even being immoral. Google it: It is the theory of efficient breach.