MLchartDataset catalogue

Rescind

Term · Law · MLC-T-LAW-004262

To cancel or revoke a contract, agreement, or legal instrument, effectively restoring the parties to their positions before the agreement was made. This action typically occurs due to fraud, mistake, duress, or a material breach of contract. Rescission aims to undo the transaction entirely, rather than merely terminating future obligations.

Table 1. Record
IdentifierMLC-T-LAW-004262
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004262",
  "term": "Rescind",
  "field": "Law",
  "definition": "To cancel or revoke a contract, agreement, or legal instrument, effectively restoring the parties to their positions before the agreement was made. This action typically occurs due to fraud, mistake, duress, or a material breach of contract. Rescission aims to undo the transaction entirely, rather than merely terminating future obligations.",
  "url": "https://mlchart.com/terminology/law/rescind/"
}

Record 4,325 of 5,445 in Law terminology (MLC-0107). Request the full dataset.