Define: Withdrawal

Withdrawal, in legal contexts, refers to the act of revoking or retracting a previously made statement, offer, consent, or request. It entails the voluntary cancellation or abandonment of a legal action or position by a party. Withdrawal may occur in various legal proceedings, such as contracts, negotiations, pleadings, or testimony. For example, a party may withdraw an offer before it is accepted, withdraw consent to a contract or agreement, or withdraw a legal claim or motion filed with the court. Withdrawal is typically effective upon communication to the relevant parties and may have consequences depending on the timing and circumstances, such as affecting the rights and obligations of the parties involved or the outcome of the legal matter.

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.