The Rescind Contract Template is designed for use in Australian jurisdictions when parties need to formally terminate and unwind an existing contractual arrangement. This document is particularly valuable in situations involving mutual agreement to terminate, discovery of misrepresentation, breach of contract, or where statutory rights of rescission apply. It addresses the complex requirements of Australian contract law, including the Competition and Consumer Act 2010 and state-based legislation, providing a structured approach to document the termination, outline restitution obligations, and establish mutual releases. The template is adaptable for various contract types and includes provisions for both straightforward and complex rescission scenarios, ensuring all necessary legal and practical aspects of contract termination are properly addressed.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of all parties involved in the original contract and this rescission agreement
2. Background: Context of the original contract and the circumstances leading to rescission
3. Definitions: Key terms used in the rescission agreement, including reference to the original contract
4. Original Contract Details: Specific details of the contract being rescinded, including date, reference numbers, and subject matter
5. Grounds for Rescission: Clear statement of the legal basis or mutual agreement for rescission
6. Effective Date: Specification of when the rescission takes effect
7. Restitution Obligations: Details of how parties will return benefits received under the original contract
8. Mutual Release: Release of parties from obligations under the original contract
9. Costs: Allocation of costs associated with the rescission process
10. Governing Law: Confirmation of applicable law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Disputed Matters: Include when there are disputed issues that need to be resolved as part of the rescission
2. Third Party Rights: Include when the rescission affects rights or obligations of third parties
3. Confidentiality: Include when parties need to maintain confidentiality about the rescission or original contract
4. Survival Clauses: Include when certain provisions of the original contract need to survive the rescission
5. Tax Implications: Include when there are significant tax consequences of the rescission that need to be addressed
6. Partial Rescission: Include when only part of the original contract is being rescinded
7. Transitional Arrangements: Include when unwinding the contract requires a transition period
1. Schedule 1 - Original Contract: Copy or details of the contract being rescinded
2. Schedule 2 - Restitution Schedule: Detailed breakdown of assets, payments, or benefits to be returned by each party
3. Schedule 3 - Timeline: Timeline for implementing the rescission and completing restitution obligations
4. Appendix A - Supporting Documents: Relevant correspondence, notices, or other documents supporting the grounds for rescission
5. Appendix B - Calculation of Amounts: Detailed calculations of any financial adjustments or settlements
Relevant legal definitions
Agreement
Business Day
Claim
Commencement Date
Confidential Information
Effective Date of Rescission
Encumbrance
Force Majeure Event
Governing Law
GST
Insolvency Event
Losses
Original Contract
Parties
Restitution Obligations
Restitution Period
Representatives
Rescission Date
Rescission Notice
Related Bodies Corporate
Surviving Provisions
Territory
Third Party Rights
Transition Period
Working Hours
Business Day
Claim
Commencement Date
Confidential Information
Effective Date of Rescission
Encumbrance
Force Majeure Event
Governing Law
GST
Insolvency Event
Losses
Original Contract
Parties
Restitution Obligations
Restitution Period
Representatives
Rescission Date
Rescission Notice
Related Bodies Corporate
Surviving Provisions
Territory
Third Party Rights
Transition Period
Working Hours
Clauses
Interpretation
Definitions
Rescission
Mutual Release
Restitution
Payment Terms
Confidentiality
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Severability
Entire Agreement
Notices
Costs and Expenses
GST
Third Party Rights
Further Assurance
Counterparts
Waiver
Assignment
Force Majeure
Survival
Time of Essence
Transition Arrangements
Definitions
Rescission
Mutual Release
Restitution
Payment Terms
Confidentiality
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Severability
Entire Agreement
Notices
Costs and Expenses
GST
Third Party Rights
Further Assurance
Counterparts
Waiver
Assignment
Force Majeure
Survival
Time of Essence
Transition Arrangements
Relevant Industries
Legal Services
Real Estate
Construction
Financial Services
Retail
Manufacturing
Technology
Professional Services
Healthcare
Education
Mining and Resources
Telecommunications
Agriculture
Transport and Logistics
Relevant Teams
Legal
Procurement
Commercial
Risk and Compliance
Operations
Contract Administration
Business Development
Finance
Corporate Governance
Sales
Relevant Roles
Legal Counsel
Contract Manager
Commercial Director
Chief Legal Officer
Business Development Manager
Procurement Manager
Risk Manager
Compliance Officer
Company Secretary
Operations Manager
Project Manager
General Manager
Chief Executive Officer
Chief Financial Officer
Sales Director
Find the exact document you need
Wedding Cancellation Letter To Guests
An Australian-compliant formal letter template for notifying wedding guests of a wedding cancellation, addressing both the announcement and practical implications.
find out more
Tenant Termination Notice Form
An Australian legal form used by tenants to formally notify landlords of their intention to end a residential tenancy agreement.
find out more
Home Loan Cancellation Letter To Bank
An Australian-compliant formal letter requesting the termination of a home loan agreement with a bank, including all necessary details for loan discharge processing.
find out more
Building Contract Termination Letter
An Australian legal document for formally terminating a building contract, compliant with national and state-specific building and construction laws.
find out more
Letter For Job Termination
An Australian-compliant formal letter documenting the termination of employment, outlining termination details and final entitlements under Australian employment law.
find out more
Termination Of Service
An Australian-compliant template for formalizing employment termination, ensuring legal requirements are met while protecting both parties' interests.
find out more
Standard Lease Termination Agreement
An Australian-compliant agreement that formally terminates a lease between landlord and tenant, outlining termination terms and mutual obligations.
find out more
Letter Of Termination Real Estate Agent
An Australian-compliant formal letter for terminating real estate agent services, outlining termination details and transition arrangements under relevant state legislation.
find out more
Cover Letter For Termination Of Employment
An Australian legal document formally communicating employment termination, including key details and entitlements under Australian employment law.
find out more
Contract Early Termination Letter
An Australian-compliant formal notice document used to legally terminate a contract before its planned end date, adhering to Australian contract law and consumer protection legislation.
find out more
Cancellation Of Purchase Agreement Form
An Australian law-compliant form for formally cancelling a purchase agreement, outlining termination terms and obligations for all parties involved.
find out more
Cancellation Fee Letter
An Australian law-compliant formal notice detailing cancellation fees and payment terms upon contract termination, including consumer rights and fee calculations.
find out more
30 Day Notice To Cancel Service
A formal 30-day notice template for service cancellation under Australian law, ensuring compliant termination of service agreements.
find out more
Contract Termination Letter For Employee
An Australian-compliant formal letter documenting the termination of employment, including notice period and final entitlements under Australian law.
find out more
Cancellation Of Medical Aid Letter
An official letter for canceling private health insurance or medical aid coverage in Australia, conforming to local healthcare regulations and insurance laws.
find out more
Non Renewal Insurance Letter
An Australian-compliant template for insurers to formally notify policyholders of insurance policy non-renewal decisions.
find out more
Landlord Lease Termination Agreement
An Australian legal agreement documenting the mutual termination of a lease between landlord and tenant, outlining termination terms and final obligations.
find out more
Subscription Cancellation Letter
An Australian law-compliant template for formal subscription service cancellation notices, designed for use across various subscription-based industries.
find out more
Notice To Terminate Tenancy Agreement By Landlord
An Australian-compliant formal notice issued by a landlord to terminate a residential tenancy agreement, including all legally required termination information.
find out more
Loan Forgiveness Letter
An Australian-compliant template for formally documenting the cancellation of loan obligations, suitable for both commercial and personal lending contexts.
find out more
Debt Cancellation Agreement
An Australian-law compliant template for formally cancelling and releasing debt obligations between parties, suitable for both commercial and consumer contexts.
find out more
Agreement To Cancel Lease
An Australian legal document for mutually agreed early termination of a lease, outlining termination terms and ensuring compliance with state/territory property laws.
find out more
Client Termination Letter
An Australian-compliant template for professionally terminating client relationships, incorporating legal requirements and best practices under Australian business law.
find out more
Tenant Termination Letter
An Australian-compliant formal notice to terminate a residential tenancy agreement, providing legally required information and termination details under state/territory legislation.
find out more
House Contract Cancellation Letter
An Australian legal document used to formally terminate a house purchase contract, ensuring compliance with local property laws and protecting all parties' interests.
find out more
Car Loan Cancellation Letter To Bank
An Australian-compliant formal letter to a bank requesting the termination of a vehicle loan agreement, including essential loan and settlement details.
find out more
Cancellation Of Cheque Letter
An Australian banking document instructing a bank to stop payment on a specific cheque, governed by the Cheques Act 1986 and related banking regulations.
find out more
Terminate Agency Agreement Letter
An Australian legal document formally notifying an agent of the termination of their agency agreement, specifying termination terms and final obligations.
find out more
Order Cancellation Letter To Customer
An Australian-compliant formal letter confirming order cancellation to a customer, including order details, refund information, and next steps.
find out more
Order Cancellation Letter Due To Delay
An Australian law-compliant formal notice to cancel an order or purchase agreement due to delayed delivery or performance, including cancellation details and required actions.
find out more
Mortgage Cancellation Letter
An Australian-compliant formal letter requesting the discharge of a registered mortgage, used in property transactions and loan completions.
find out more
Month To Month Lease Notice Of Termination
An Australian-compliant formal notice document for terminating a month-to-month lease agreement, meeting state and territory legal requirements.
find out more
Medical Cancellation Letter
An Australian-compliant formal letter terminating medical services between healthcare provider and patient, including service termination details and transition arrangements.
find out more
Letter Of Business Termination
An Australian-compliant formal letter that officially terminates a business relationship or agreement, outlining termination terms and remaining obligations under Australian law.
find out more
Home Warranty Cancellation Letter
A formal letter used in Australia to request cancellation of a home warranty insurance policy, complying with federal and state insurance regulations.
find out more
Freeze Gym Membership Letter
An Australian-compliant formal letter requesting temporary suspension of gym membership services, adhering to local fitness industry regulations and consumer protection laws.
find out more
Early Termination Letter
An Australian-compliant template for formal communication of employment termination, incorporating essential elements required under local employment law.
find out more
Country Club Membership Cancellation Letter
An official letter for cancelling country club membership in Australia, complying with Australian Consumer Law and club policies.
find out more
Contract Termination For Cause Letter
An Australian legal document formally terminating a contract due to material breach or cause, outlining termination grounds and consequences under Australian law.
find out more
Cleaning Service Cancellation Letter
An Australian-compliant formal notice to terminate an existing cleaning service agreement, ensuring proper documentation of the cancellation process under local law.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)