The Contract Rescission Date field in Curia Contract Review allows you to capture when contracts may be rescinded in various scenarios including off-the-plan contracts, probate contracts, and other specific circumstances. This field automatically extracts rescission conditions from contract special conditions and generates clear, client-friendly explanations.

What is the Contract Rescission Date field?

The Contract Rescission Date field:

• Automatically detects rescission dates from contract special conditions.
• Supports time periods after exchange and specific fixed dates.
• Allows vendor extension periods for both time periods and fixed rescission dates.
• Generates client-friendly descriptions of rescission timing.
• Supports combinations of multiple conditions with "earliest date" or "latest date" rules.

How does automatic detection work?

When rescission conditions are detected in the contract special conditions:

• The field automatically populates with the detected rescission date.
• The field expands to show the configured conditions.
• You can modify or add additional conditions as needed.

When no rescission conditions are detected:

• The field remains collapsed.
• You can manually add rescission conditions if required.

How do I add a single rescission condition?

To add a single rescission date condition:

• Navigate to the Contract Rescission Date field on the Exchange tab.
• Under "Based on", select one of the following options:
  • Time period after event: Define a period after exchange of contracts.
  • Specific date: Set a fixed calendar date for rescission.

For "Time period after event"

• The trigger event is automatically set to "Exchange/contract date".
• Enter the number in the "Period" field.
• Select the unit (Days, Weeks, or Months) from the dropdown.
• Optionally add an extension period that allows the vendor to extend the rescission date.

For "Specific date"

• Select or enter the calendar date when rescission becomes available.
• Optionally add an extension period that allows the vendor to extend the rescission date.

How do I add extension periods?

Extension periods allow vendors to extend rescission dates for both time periods and fixed dates:

• When configuring any rescission condition, click "Show additional details" to reveal extension options.
• Enter the extension period value and select the unit (Days, Weeks, or Months).
• The platform will calculate and display the maximum extended rescission date.

How do I add multiple rescission conditions?

To add multiple conditions:

• Complete the steps for adding your first condition.
• Click the "Add another condition" button.
• Configure the additional condition as needed.
• Continue adding conditions as required.
• When you have multiple conditions, the "Multiple conditions timing" section appears.
• Select either:
  • Latest date among conditions: Rescission becomes available on the latest of all dates (equivalent to "later of").
  • Earliest date among conditions: Rescission becomes available on the earliest of all dates (equivalent to "earlier of").

How do I remove rescission conditions?

• Click the delete (bin) icon on the right side of the condition box.
• If only one condition remains, the delete icon will not be available as at least one condition is required.

How do I know what the final rescission description will look like?

The platform automatically generates a client-friendly description based on your inputs. Dates will be calculated if the contract has been exchanged. This appears in the final report with formats like:

• Single fixed date: "If not already completed the contract can be rescinded by either party from 12 December 2025."
• Single offset: "If not already completed the contract can be rescinded by either party from 548 days after exchange of contracts."
• Single offset with known exchange date: "If not already completed the contract can be rescinded by either party from 548 days after exchange of contracts, being 16 July 2025."
• Multiple conditions with extensions.

Examples

Fixed rescission date

• Select "Specific date" under "Based on".
• Enter "12 December 2025" as the rescission date.

The report will display:

Time period after exchange

• Select "Time period after event" under "Based on".
• Enter "548" in the Period field.
• Select "Days" as the unit.

The report will display:

With a known exchange date (15 January 2024), the report will display:

Multiple conditions with earlier of rule

• Add first condition: Select "Specific date" and enter "12 December 2025".
• Add second condition: Select "Time period after event", enter "18" months after exchange.
• Select "Earliest date among conditions" in the "Multiple conditions timing" dropdown.

With a known exchange date (15 January 2024), the report will display:

Fixed date with vendor extension

• Select "Specific date" under "Based on".
• Enter "12 December 2025" as the rescission date.
• Click "Show additional details".
• Enter "12" in the extension period field.
• Select "Months" as the extension unit.

The report will display: