What Is Rescission In Contracts Law?

more+
less-

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 In fact, the rescinded contract becomes a nullity as if it had never existed. As such, it behooves us to ascertain how and when a contract is rescinded and what would be the legal implications of such rescission or lack thereof.

LOADING PDF: If there are any problems, click here to download the file.

CONNECT

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 »


Follow Law Advocate Group, LLP: