Common use of Rights of Rescission Clause in Contracts

Rights of Rescission. At any time, for any or no reason, within fifteen days of the completion of the audit of the Company's financial statements, the Consultant may terminate this Agreement by returning all funds (except for such funds which may have been expended in the performance of due diligence), options, share certificates and documents without any recourse or penalties from the Client.

Appears in 2 contracts

Sources: Consulting Agreement (Ameri-Can Reailway Systems Inc), Consulting Agreement (Ameri-Can Reailway Systems Inc)