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Rescission

usgb/rɪˈsɪʒn/Volume
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Legally Binding

Rescission voids a contract as if it never happened, legally undoing it.

Illustration for Legally Binding
After discovering fraud, the judge declared a rescission of the business deal.
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Mutual Consent

Often, rescission requires all parties to agree, unless court-ordered.

Illustration for Mutual Consent
The partners reached a mutual rescission of their agreement amicably.
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Corrective Action

Rescission corrects a mistaken or unjust situation in contracts and agreements.

Illustration for Corrective Action
Due to the error in property boundaries, a rescission was necessary.
Visual representation of the word "Rescission"

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