Agreements expressly declared as void refer to contracts or agreements that are considered null and void by law. These types of agreements are not legally binding, and any attempts to enforce them may lead to legal consequences. Understanding what agreements are declared as void is essential for individuals and businesses to avoid legal issues.
There are several situations where agreements can be declared as void by law. First, an agreement may be declared void if it is against public policy. This means that any agreement that goes against the public interest or public good is not enforceable. For example, an agreement that promotes illegal activities such as fraud or corruption is against public policy and therefore null and void.
Second, agreements can be declared void if they are made under duress or coercion. This means that any agreement made under pressure or threat is not legally binding. For instance, if you are forced to sign an agreement by someone who is threatening you, then the agreement is considered void.
Third, agreements can be declared void if there is a mistake in the terms of the agreement. This can happen when the parties involved in the agreement make an error or misinterpretation of the agreement`s terms. In such a situation, the agreement is not considered legally binding.
Fourth, agreements can be declared void if they are made by a minor or a person who is mentally incapable of making sound decisions. Such individuals lack the legal capacity to enter into contracts, and any agreements they make may be declared void.
Finally, agreements can be declared void if they are made without proper consideration. This means that if one party is not receiving any benefit from the agreement, it may be declared void. For instance, if John promises to sell his car to Mary for $5, but Mary does not give John anything in return, the agreement is not enforceable.
In conclusion, understanding agreements that are expressly declared as void is important in avoiding legal issues. Parties involved in any agreement must ensure that the terms of the agreement are legally binding and do not contravene public policy. It is always best to seek legal advice when entering into any contractual agreement to ensure that the agreement is reasonable and legally binding.