Definition of rescission in English:
The revocation, cancellation, or repeal of a law, order, or agreement.
- The defendants claim rescission of the Charge Agreement or damages.
- ‘As has been seen, that has been the decision where rescission is ordered of a sale by a trustee to himself’.
- Non-compliance with the disclosure requirement under the Act exposes franchisors to significant consequences, including rescission of franchise agreements.