What Is Rescission In Contracts Law?


From legal perspective, rescission of a contract is distinguishable from cancellation of a contract. Rescission reverts the contract to the day it had not been signed as if the contract had not been made. In fact, the rescinded contract becomes a nullity as if it had never existed. As such, it behooves us to ascertain how and when a contract is rescinded and what would be the legal implications of such rescission or lack thereof.

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Doron Eghbali
Law Advocate Group, LLP

Doron has worked for top law firms helping them to negotiate and draft contracts for start-up... View Profile »

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