rescission

Definitions

The act of canceling, annulling, or revoking a contract or law.

The unmaking of a contract by the mutual consent of the parties or by a court, restoring them to their original positions.

Examples

The buyer demanded a rescission of the contract after discovering the property had significant structural defects.

The court granted the rescission of the agreement due to evidence of fraudulent misrepresentation by the seller.

Synonyms

cancellation revocation annulment abrogation repeal nullification retraction

Antonyms

enactment ratification confirmation establishment validation approval institution