Legal Term

Rescission

विखंडन (Vikhandan)
Plain English Definition

Cancelling or voiding a contract, restoring both parties to their position before the contract was signed. Under Section 64 of the Indian Contract Act, a person who rescinds a contract must restore any benefit received under it.

Real Indian Example

You discover that the seller hid a major defect in the property after you signed the sale agreement. You can seek rescission of the contract — meaning the sale is cancelled, the seller returns your money, and you return the property documents.

Found In These Documents
Any ContractProperty Sale AgreementService Agreement

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