rescind

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Rescind

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.

rescind

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)

rescind

verb abolish, abrogare, abrogate, annul, call back, cancel, countermand, counterorder, cut off, cut short, declare null and void, disannul, discard, dismiss, dissolve, do away with, end, erase, negate, nullify, obliterate, override, overrule, quash, recall, recant, remove, render invalid, renege, renounce, repeal, repudiate, rescindere, retract, reverse, revoke, set aside, sweep aside, take back, vacate, void, wipe out, withdraw
Associated concepts: rescind a contract, rescind an offer
See also: abate, abolish, adeem, annul, cancel, disavow, discharge, disclaim, disinherit, disown, extinguish, invalidate, negate, nullify, overrule, quash, recall, recant, renege, repeal, revoke, vacate, vitiate, void, withdraw
References in periodicals archive ?
or] rescindable at the free and arbitrary will of the contracting parties and the complacent acceptance of legislators, seduced by legal positivism.
7) Dimock acknowledges, however, that pacifism "only had a tenuous and rescindable sway on Thoreau.
By the same token that anger as emotional experience is immanent to its performance in demeanor and interaction, so too anger is transactionally rescindable.
These sales are rescindable if the subagent left any impression in the buyer's mind that somehow his interests were being represented.
Even if currently effective, albeit in a weakened form, the regulations are still easily rescindable or further alterable.