Rescinding
/rɪˈsɪndɪŋ/
Definitions
- (v. gerund) The act of formally revoking, canceling, or annulling a legal agreement or contract.
The rescinding of the contract relieved both parties of their obligations.
Forms
- rescind
- rescinds
- rescinded
Related terms
See also
Commentary
Rescinding commonly refers to the unilateral or mutual cancellation of contracts or agreements, effective retroactively; ensure clear indication of intent and compliance with statutory or contractual requirements when drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.