Rescission - Definition, Examples, Cases, Processes - Legal Dictionary In contract law, the term “rescission” refers to the undoing, or “unmaking” of a contract between parties Rescission of a contract may be ordered by a court as an equitable remedy in a civil lawsuit, and is intended to bring the parties as close to the same position they were in before they entered into the contract as possible While
Rescission (contract law) - Wikipedia In contract law, rescission is an equitable 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, mistake, duress, or undue influence [1] Rescission is the unwinding of a transaction
rescission | Wex | US Law | LII Legal Information Institute Recission is the cancellation of a contract A rescission may be unilateral , as when a party rightfully cancels a contract because of another party's material breach Rescission can also be mutual , as when the contracting parties agree to discharge all remaining obligations
Rescission in Contract Law: Rights, Grounds, and Processes - UpCounsel 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 influence, and mutual mistake Rescission can be achieved through mutual agreement or judicial intervention
rescission - Meaning in Law and Legal Documents, Examples and FAQs Rescission is a legal term that means canceling a contract When a contract is rescinded, it is treated as if it never existed This can happen for various reasons, such as if one party was misled or if the contract was unfair