Rescision
/rɪˈsɪʒ.ən/
Definitions
- (n.) The rescinding or annulment of a contract or agreement, restoring the parties to their original positions as if the contract had never been made.
The court ordered the rescission of the contract due to fraud.
Related terms
See also
Commentary
Rescision is often confused with 'rescission'; the accepted legal term is 'rescission' for contract annulment, but some jurisdictions or sources use 'rescision'.
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.