To help develop this article, click 'Edit this article' above.
Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. If a contract is rescinded, it is treated as if it did not exist.
This might be appropriate for example if there has been a serious error in a contract or if one of the parties to the contract has made false representations.
NB Where one party behaves in such a way that it indicates it no longer intends to accept its obligations under the contract, this is considered to be a repudiatory beach (or fundamental breach) allowing the innocent party to terminate the contract and to sue for damages. This is not rescission, as the parties are not returned to the position they would have been in had they not entered into the contract.
 Related articles on Designing Buildings Wiki
Featured articles and news
Have a look at this strange experimental building in Chile.
ICE look at what engineers can do to help ensure the UN's Sustainable Development Goals can be achieved.
Rogers Stirk Harbour and Partners win RIBA National Award for their British Museum extension.
The story so far.
Here is our list of the top 25 buildings in London. Do you agree with our selection?
A blueprint for the construction industry from Canada's west coast.
China's elaborate idea for a mass-transport system has been abandoned.
Read this article about the theories that characterise life in the hyperreal post-modern city.
Polyisocyanurate (PIR) insulation and how it was tested.
"We can’t sustain low density suburbs, density isn't a choice, it's a necessity." - Read our interview with the award-winning social housing architect Peter Barber.
Conservation area designation can be crucial, but treatment of individual parks varies considerably.
ICE publish new NEC4 Design, Build and Operate contract.
Report states $2 trillion is needed over the next 10 years to fix American roads.
What is the client's strategic brief for construction projects?
Read the story behind the world's most iconic festival stage, Glastonbury's Pyramid Stage.