As a professional, it is important to understand the legal terms and concepts relevant to your field. One such concept is the void agreement, which refers to a contract that is unenforceable by law.
A void agreement is different from a voidable agreement, which can be cancelled by one or both parties due to some legal or factual error. In contrast, a void agreement cannot be enforced at all because it violates some fundamental legal principle.
There are several reasons why an agreement may be considered void. For example, if it is illegal or against public policy, it is void ab initio (from the beginning). Examples of illegal agreements include contracts for illegal activities such as drug trafficking, while agreements against public policy may include contracts that attempt to limit a person`s freedom of speech or religion.
Another reason an agreement may be void is if it involves fraud, duress, or undue influence. If a party is coerced or manipulated into entering into a contract, that contract may be considered void. This is because the party did not enter into it voluntarily and with full knowledge of the terms.
Finally, a contract may be void if it is impossible to perform. For example, if a contract requires an action that is impossible to perform, such as traveling back in time, it may be considered void.
It is important to note that void agreements are different from illegal agreements, which may be enforceable in certain circumstances. For example, if a party has already performed their part of an illegal contract, they may be able to recover damages if the other party breaches the contract.
In conclusion, if you encounter a void agreement in your line of work, it is important to understand why the contract is considered void and how it affects the parties involved. As a professional, it is also important to use appropriate keywords when writing about legal concepts to ensure your content is easily discovered by interested readers.