Widerrufserklärung
A Widerrufserklärung, often translated as a declaration of revocation or withdrawal, is a formal statement by which a party cancels or rescinds a previously concluded contract or declaration. This right of withdrawal is typically granted by law in specific situations, particularly in consumer contracts, to protect consumers from potentially hasty or uninformed decisions.
In Germany, for example, the consumer right of withdrawal is regulated by the Bürgerliches Gesetzbuch (BGB).
The Widerrufserklärung does not require specific wording but must clearly express the intent to withdraw from