Rescission (contract law) - Wikipedia 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, mistake, duress, or undue influence [1] Rescission is the unwinding of a transaction
rescission | Wex | US Law | LII Legal Information Institute 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 treat it as though it never existed
Rescissions Act of 2025 - Wikipedia The Rescissions Act of 2025 is a law passed by the 119th United States Congress It rescinds $7 9 billion in funding from international assistance programs and $1 1 billion in funding from the Corporation for Public Broadcasting (CPB) After failing to advance budget measures to eliminate federal funding for public broadcasting during the first Trump administration, amid increased Trump's
Rescission in Contract Law: Rights, Grounds, and Processes 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
What Is Rescission and When Can You Use It? - LegalClarity Rescission is a legal concept individuals may encounter in various contractual situations This process allows parties to undo a contract, effectively returning them to their original positions before the agreement was formed
Rescissions 101 A rescission is the cancellation of previously appropriated funding by Congress Both Congress and the president have the authority to propose the rescission of certain funding, albeit through different procedures
Recission - Definition, Meaning Synonyms | Vocabulary. com recission Definitions of recission noun (law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made