Definition of "rescission"
  1. Termination of a contract through consensual understanding between involved parties
How to use "rescission" in a sentence
  1. The couple decided on the rescission of their lease agreement when they found a better apartment.
  2. Due to a misunderstanding, the companies had to consider a rescission of their business partnership.
  3. The buyer and seller came to an agreement and proceeded with the rescission of their existing deal.

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