Define: Retraction

Retraction
Retraction
Quick Summary of Retraction

In legal contexts, a retraction refers to a formal withdrawal or recantation of a previous statement, allegation, or assertion made by an individual. Retractions are often made when the individual realizes that the statement was inaccurate, false, or misleading and seeks to correct the record. Retractions can be made voluntarily or may be compelled by legal action, such as a court order or a demand from the affected party. Retractions may take various forms, including written statements, public apologies, or corrections issued in the same manner as the original statement. In some cases, retractions may mitigate legal consequences, such as defamation claims, by acknowledging and correcting errors or misinformation. However, the legal effect of a retraction depends on the specific circumstances and applicable laws governing the situation.

What is the dictionary definition of Retraction?
Dictionary Definition of Retraction
n.
  1. to withdraw any legal document in a lawsuit or other legal proceeding, or withdraw a promise or offer of contract.
  2. in defamation, particularly libel, the correction of any untruth published in a newspaper or magazine or broadcast on radio or television, usually upon the demand of the person about whom the damaging false statement was made. A clear and complete retraction will usually end the right of the defamed party to go forward with a lawsuit for damages for libel. In most states, a retraction must be demanded before the suit is filed in order to cure the problem without litigation.
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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March, 2024.

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