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

Rücktritt

Substantiv

partial

rescission

noun

Comparative law notes

Germany

A translation frequently used for "Rücktritt" is "withdrawal", which is far too general to cover the process happening in these cases.

Definitions of rescission

English

the right to treat a contract as if it never existed or rescind contract rights; generally appropriate in cases of fraud and misrepresentation

The UK airport operator has begun legal proceedings in the High Court to seek rescission of its contract with Eurotunnel.