Definition, Meaning & Synonyms
rescission
noun
/rɪˈsɪʒ.ən/
Definition
The act of canceling or revoking a contract or agreement.
Examples
- After reviewing the terms, the company decided to pursue rescission of the contract.
- Due to unforeseen circumstances, he sought rescission of the sale agreement.
Meaning
Rescission refers to the legal way to cancel a contract, making it as though the contract never existed.
Synonyms
- cancellation
- revocation
- annulment
