Concept in Definition ABC

Rescind is a strictly legal concept and as a consequence of wide app and use in this type of context and that refers to the act or decision by which a particular person, company, organization, corporation, among others, by means of a prior judicial declaration, they will nullify a contract, act u obligation legal that has previously been taken with another individual, company or organization.

Although it varies according to the legislation In question, generally, the person to whom the legal obligation or contract is referred will be the one who has the possibility or power to terminate it. Although of course, obviously and for some reason that merits it or a matter of force At the age of majority, the counterparty may also request the nullity or termination of a contract or at least submit it to the review of the Justice to see if it is feasible or not to interrupt it.

Termination, then, is one of the main causes for which an end may be terminated. legal obligation, but not the only clear one (extinction, nullity, death, nonexistence), while, between the

factors more recurrent that put an end to these we find, for example, what we mentioned above, the breach of one of the parties, to from which, the rescission will be requested from the other and if they have been established as one of the conditions of the contract, the party defendant for breach may, for its part, request an amount of compensation because the contract or obligation was terminated before the time provided.

Issues in Rescind