As a copy editor with knowledge in search engine optimization (SEO), I have come across many articles that explain the difference between a void agreement, void contract, and voidable contract. In this article, I will clarify and differentiate the three terms to help readers understand them better.
Firstly, what is a void agreement? A void agreement is a contract that is not legally binding from the beginning. It does not create any legal obligations between the parties involved, and it cannot be enforced by either party. The reason why an agreement is considered void is likely that it is against the law or is contrary to public policy. For example, if two parties enter into an agreement to commit a crime, the agreement is considered void and cannot be enforced.
On the other hand, a void contract is a contract that was initially valid and enforceable, but due to certain circumstances, it has become unenforceable. Void contracts are different from void agreements in that they were initially legal and binding contracts, but they have become unenforceable due to changes in circumstances. For instance, a contract may become void if one of the parties becomes incapacitated or dies.
Lastly, we have the voidable contract. A voidable contract is a contract that is legally binding initially, but one of the parties has the power to void or cancel the contract. The party with the power to void the contract can do so if certain conditions are met, and once the contract is voided, it is considered invalid. For instance, if one of the parties enters into a contract under duress or undue influence, the other party may have the power to void the contract.
In conclusion, the difference between a void agreement, void contract, and voidable contract lies in their legal enforceability. A void agreement is not legally binding from the beginning, a void contract was initially valid but has become unenforceable, and a voidable contract is initially valid but can be voided by one of the parties under certain conditions. By understanding the difference between these three terms, individuals can better comprehend their legal rights and obligations when it comes to contracts and agreements.
