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To declare a contract void—of no legal force or binding effect—from its inception and thereby restore the parties to the positions they would have occupied had no contract ever been made.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


v. to cancel a contract, putting the parties back to the position as if the contract had not existed. Both parties rescind a contract by mutual agreement, since a unilateral cancellation of a contract is a "breach" of the contract and could result in a lawsuit by the non-cancelling party. (See: rescission)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
The order initially directed the applicant to stop usage of the disputed plot forthwith which has since been rescinded except orders to pay the cost of the case and filing of paginated bundle with Land Tribunal.
In the administration of criminal justice the focus of attention is normally on the plethora of rights enjoyed by those charged with criminal offences but unfairness to the prosecution is just as likely to engage the court's inherent jurisdiction to rescind as unfairness to defendants.
"Federal courts from coast to coast have now reviewed the record and reached the same conclusion: President Trump's decision to rescind DACA was illegal," Schneiderman said in a statement.
"As a result, I have decided to rescind the appointment," he said.
"Specifically, we request that the Secretary of Homeland Security rescind the June 15, 2012 DACA memorandum and order that the Executive Branch will not renew or issue any new DACA or Expanded DACA permits in the future," Paxton wrote.
The group also reported that the new mayor of Cebu City, Tommy Osmena, had no objection to the decision to rescind the deal.
On the rescinding of a Media Bureau order regarding political ad disclosure complaints, Wharton added, "The FCC made the correct decision today to rescind the Media Bureau's unlawful order from earlier this year.
AUGUSTA, Georgia (AP) -- Paine College interim president says the university could become the next school to rescind an honorary degree awarded to Bill Cosby.
Members of Fordham University's board of trustees unanimously agreed to rescind the comedian-actor's 2001 degree--the first to be rescinded in the university's 174-year history--after more than 40 women came forward in recent months claiming to have been drugged and sexually assaulted by Cosby.
He wanted to rescind the real estate contract with Blasingame and asked for other unspecified damages.
On April 14, President Barack Obama sent a report to Congress with intent to rescind the designation.