Void Contract
Candlefocus EditorA void contract is a formally established agreement that is rendered completely invalid and unenforceable from the moment it is created. Void contracts are distinct in comparison to voidable contractual agreements that can be nullified for similar reasons. A contract may be declared void if it fails to comply with the necessary legal elements for enforceability as outlined in the initial document.
Common issues that can render a contract void include: one of the involved parties being unable to adequately comprehend the implications of the agreement due to physical, mental, or emotional limitations; agreements that have been made with minors; and agreements that extend to engaging in any activity deemed illegal by society.
Technically, a void contract does not have any real legal standing under the negotiation terms between the parties involved. This means that parties cannot partake in a legal hearing with the intentions of obtaining a judgment to enforce the agreement. Regardless of the implications of the agreement, void contracts should always be avoided, due to their capacity to create a plethora of complications and hardships.
Sometimes, it is possible to rewrite a formerly void contract. To properly reconstruct the contract, the same parameters that had been outlined initially must be included. This way, the contract is then considered anew and the former document is effectively voided. However, it is important to note that not all void contracts can be rewritten, and caution should be taken to determine the proper steps to take in this direction.