right to rescind
right to rescind. The remedy accorded to a party to a contract when the other party breaches a duty that arises independently of the contract. • The right to rescind is contrasted with a right of termination, which arises when the other party breaches a duty that arises under the contract. — Also termed right of rescission. [Cases: Contracts 258. C.J.S. Contracts §§ 456, 461–463, 465–467, 472, 476.]