RIGHTS TO RESCIND Clause Samples

The "Rights to Rescind" clause grants one or both parties the legal ability to cancel or withdraw from an agreement under specified circumstances. Typically, this clause outlines the conditions under which rescission is permitted, such as misrepresentation, breach of contract, or failure to meet certain obligations, and may set out the process for notifying the other party and the effects of rescinding, like returning exchanged goods or funds. Its core practical function is to provide a clear and fair mechanism for undoing a contract when fundamental issues arise, thereby protecting parties from being bound to unfavorable or invalid agreements.
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RIGHTS TO RESCIND. The Company and the Employee hereby acknowledge that the Employee has the rights described in this Paragraph 5. a. The Employee has the right to rescind this Agreement under the Age Discrimination in Employment Act. To be effective, such a rescission must be made by written notice delivered to the Company within seven (7) days following the date of this Agreement or sent to the Company by certified mail, return receipt requested, postmarked within seven (7) days following the date of this Agreement. b. The Employee has the right to rescind this Agreement under the Minnesota Human Rights Act. To be effective, such a rescission must be made by written notice delivered to the Company within fifteen (15) days following the date of this Agreement or sent to the Company by certified mail, return receipt requested, postmarked within fifteen (15) days following the date of this Agreement. c. The address to which notice of a rescission under this Paragraph 5 is to be delivered or sent is: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
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RIGHTS TO RESCIND. 11.1 If the Practical Completion Certificate has not been issued by the Longstop Date then the Seller and the Buyer may at any time before the Practical Completion Certificate has been issued (and not after) give to the other written notice rescinding this contract whereupon the Deposit and the Stage Payment will be refunded by the Seller to the Buyer within ten (10) Working Days of the date of notice of rescission of this contract and the Buyer will remove any notices registered against the Seller’s registered title to the Property and upon receipt of which neither the Seller nor the Buyer shall have any further liability hereunder save in respect of any antecedent breach of this contract. 11.2 In the event that the Buyer has not exercised his right to rescind this contract under clause 11.1, completion shall take place on the End Date (whether or not the Practical Completion Certificate has been issued) and references to the Completion Date in this contract shall be read and construed as the End Date.
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RIGHTS TO RESCIND. Employee acknowledges that Employee has 21 days to consider signing this Agreement. Once executed and delivered by Employee, this Agreement shall become effective even if the 21-day period has not expired, subject to valid rescission by Employee. Employee may validly rescind acceptance of this Agreement to the extent it relates to waiver and release of claims under the Age Discrimination in Employment Act (“ADEA”) and the Minnesota Human Rights Act
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RIGHTS TO RESCIND. The Company and the Employee hereby acknowledge that the Employee has the rights described in this Paragraph 5. a. The Employee has the right to rescind this Separation Agreement under the Age Discrimination in Employment Act. To be effective, such a rescission must be made by written notice delivered to the Company within seven (7) days following the date of this Separation Agreement or sent to the Company by certified mail, return receipt requested, postmarked within seven (7) days following the date of this Separation Agreement. b. The Employee has the right to rescind this Separation Agreement under the Minnesota Human Rights Act. To be effective, such a rescission must be made by written notice delivered to the Company within fifteen (15) days following the date of this Separation Agreement or sent to the Company by certified mail, return receipt requested, postmarked within fifteen (15) days following the date of this Separation Agreement. c. The address to which notice of a rescission under this Paragraph 5 is to be delivered or sent is: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
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Related to RIGHTS TO RESCIND

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: ▇-▇▇▇-▇▇▇-▇▇▇▇; ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

  • Preservation of Rights to Amend Except as set forth in this Agreement, the rights of each member of the Parent Group and each member of the SpinCo Group to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.

  • Right to Reject Notwithstanding Buyer’s rights pursuant to Sec. 8.5 and save other rights pursuant to this Order, Buyer may reject any goods within 2 months from the delivery if they are materially defective and in Buyer’s reasonable assessment do not allow a commercially reasonable use. In that case, no payments for these goods are due.

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.