Definition: Annulments refer to the legal process by which a contract or agreement is cancelled, sometimes due to specific circumstances (such as breach) that were not intended or desired at the time. The term is from Latin meaning "to stop." It's used in the context of legal proceedings, where it refers to any action taken that causes an event to cease or be extinguished, even if the original intention was to continue. For instance, in a contract dispute where one party has intentionally breached the terms by failing to meet their contractual obligations, this situation can be referred to as an "annulment" of the agreement.
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