Rescission




Law · Contract

Rescission

Cancellation of a contract, returning parties to their pre-contract positions.

Type: noun Branch: Contract Level: Intermediate Jurisdiction: Global
Pronunciation: 🇺🇸 US/rɪˈsɪʒən/ 🇬🇧 UK/rɪˈsɪʒən/

Definition

Cancellation of a contract, returning parties to their pre-contract positions.

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