There are multiple definitions - click on the translation that matches your context.

Widerruf

Substantiv

partial

revocation

noun

Comparative law notes

Switzerland

In the context of contract formation, this would be the term to use, as in the revocation of an offer.

Definitions of revocation

English

the act of officially saying something is no longer valid or in effect

Since the goods were damaged, the company's revocation of its offer to buy the goods was justified.