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Rescission (Contract) - Explained

What is Rescission of a Contract?

Written by Jason Gordon

Updated at September 24th, 2021

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What is Rescission of a Contract?Academic Research

What is Rescission of a Contract?

Rescission simply refers to the cancellation or termination or a contract by an individual. More specifically, in contract law, rescission is the right held by individuals which allows them to cancel or repeal the terms of a contract, hence, returning it to the state maintained before the agreement was made. 

Rescission can also be regarded as an act of unwinding a contract. When a contract is rescinded, its terms are cancelled or repealed by a party. 

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Academic Research on Contract Rescission



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