Void Agreement Does Not Involve: Understanding the Concept
As a copy editor with SEO experience, it is essential to have a good grasp of legal terminology and concepts. One such concept is the “void agreement” and what it means.
What is a Void Agreement?
Under the Indian Contract Act, an agreement is considered void if it is not enforceable by law. In simple terms, it means that the agreement is not legally binding, and no court can enforce it. The reasons for an agreement to be void may vary. For instance, an agreement may be void if it is:
● Against the law
● Involves unlawful consideration
● Against public policy
What Does Void Agreement Not Involve?
It is essential to understand that a void agreement is not the same as a voidable agreement. A voidable agreement is an agreement that is enforceable by law until one of the parties chooses to reject it. However, a void agreement has no legal standing from the outset, and therefore, it cannot be enforced.
Furthermore, a void agreement may not necessarily involve illegal activities or fraudulent intentions. Some agreements may be void due to statutory provisions or technical reasons. For instance, an agreement may be void if it is not in writing, as required by law.
It is also important to note that a void agreement does not create any rights or obligations for either party. This means that neither party can sue the other for breach of contract. Any consideration exchanged under a void agreement cannot be recovered.
In conclusion, a void agreement is not legally binding and cannot be enforced. It does not involve illegal or fraudulent activities necessarily, and it does not create any rights or obligations for either party. As a copy editor with SEO experience, it is essential to understand legal concepts such as void agreements and use them correctly in your writing.