Rescission

{
  "id": "MLC-T-LAW-004263",
  "term": "Rescission",
  "field": "Law",
  "definition": "The legal remedy of canceling a contract and restoring the parties to the positions they occupied before the contract was formed. It is an equitable remedy often granted when a contract is voidable due to factors like misrepresentation, undue influence, or a fundamental breach. Rescission differs from termination, which only ends future contractual obligations.",
  "url": "https://mlchart.com/terminology/law/rescission/"
}