Rescind from Procurement Lexicon
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To rescind means to revoke, cancel, or annul a contract, agreement, or decision. In procurement and contract management, this term is used when a party decides to void a previously agreed-upon contract or action. Rescinding a contract can occur due to various reasons, such as breaches of contract terms, legal issues, or changes in circumstances. It effectively invalidates the contract as if it never existed, and both parties are typically returned to their pre-contract positions.
To rescind means to revoke, cancel, or annul a contract, agreement, or decision. In procurement and contract management, this term is used when a party decides to void a previously agreed-upon contract or action. Rescinding a contract can occur due to various reasons, such as breaches of contract terms, legal issues, or changes in circumstances. It effectively invalidates the contract as if it never existed, and both parties are typically returned to their pre-contract positions.
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در تاریخ 1403/04/08 منتشر شده
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