• The cancellation of a contract as agreed by all of the parties involved.

annulling a contract, contract rescission, rescinding a contact, retracting a contract, repealing a contract

Related Terms and Acronyms

  • Cancellation Clause Definition,
    • A provision in a lease or other contract that spells out under what conditions the parties can call off the deal.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Non-Cancellable Definition,
    • A contract or section of a contract that cannot be modified.
  • Non-Disclosure Agreement (NDA) Acronym,
    • A contract that disallows one or more parties from disclosing information covered by the contract.
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