Legal Definition rescission noun re· scis· sion ri-ˈsi-zhən : the act, process, or fact of rescinding especially a contract

In contract law, rescission is an equitable or legal remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, …

Aug 29, 2025 · Rescission is the process of voiding a contract, making it as though it never existed. Courts may grant rescission when there is a material error, evidence of fraud, or a lack of legal …

Aug 23, 2025 · Rescission involves the undoing of a contract, treating it as though it never existed. This legal remedy aims to nullify the agreement from its inception, rather than merely terminating it from a …

Rescission is the cancellation or undoing of a contract that restores the parties to the positions they occupied before the agreement was made. The purpose is to void the contract ab initio; that is, to …

Nov 11, 2025 · Rescission is a legal remedy that cancels a contract and restores parties to their pre-contractual positions. Common grounds for rescission include misrepresentation, fraud, undue …

RESCISSION definition: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.

RESCISSION definition: the act of rescinding. See examples of rescission used in a sentence.

Rescission is a legal term that refers to the cancellation or nullification of a contract or agreement, and reestablishing the parties to their original positions as if no contract had been formed.

rescission - Termination of a contract through consensual understanding between involved parties