The replacing of a contract by mutual consent or by either party for reasonable cause. See right of rescission.... read full article

The act of declaring a contract null and void and taking the necessary actions to return the parties to the position they were in prior to entering the contract.

The cancelling of a contract by either mutual consent of the parties or legal action. Back to the Top

It occurs when a contract is annulled by mutual consent of the parties to the contract, or for cause by either party. Typically, anything received under the contract is returned to the appropriate party.

Annulling a contract and placing the parties to it in a position as if there had not been a contract.