/rɪˈsɪʒən/ – Noun
Definition: việc hủy bỏ, việc bãi bỏ, việc phá bỏ, việc chấm dứt (hợp đồng).
A more thorough explanation: Rescission is a legal term that refers to the cancellation or annulment of a contract, agreement, or transaction. It is a remedy available to parties when there has been a fundamental mistake, misrepresentation, or other valid reason that justifies undoing the legal effects of the original agreement. Rescission essentially restores the parties to their pre-contractual positions as if the contract had never been entered into.
Example: The court granted the plaintiff’s request for rescission of the contract due to the defendant’s fraudulent misrepresentation.