What is rescind a contract mean
to invalidate (an act, measure, etc.) by a later action or a higher authority. A contract may be rescinded if a party entered into the agreement due to reliance upon, or belief in, a mistaken fact, or a mistake of law. Rescission based on mistake of fact may be allowed if the effect of the mistake causes such a change in the contract’s intent, or makes enforcement of the contract unconscionable.