When it comes to legal agreements, one key factor to consider is enforceability. An agreement that is not enforceable by law is essentially meaningless, as there are no consequences for breaking it. This brings us to the concept of “void” and “voidable” agreements.
An agreement that is void is one that is fundamentally flawed from the start and has no legal standing. This could be due to a variety of reasons, such as illegality or impossibility. For example, an agreement to commit a crime is void because it goes against the law. Similarly, an agreement to travel back in time is void because it is impossible to do so.
On the other hand, a voidable agreement is one that is initially valid but can be invalidated by one or both parties under certain circumstances. For example, if one party was coerced or misled into entering into the agreement, they may be able to have the agreement declared voidable. In this case, the agreement remains in effect until it is challenged and invalidated.
It`s important to note that just because an agreement is not enforceable by law, does not mean it is void or voidable. It simply means that there is no legal recourse if one party does not fulfill their obligations under the agreement. For example, an agreement between two people to exchange gifts is not enforceable by law, but it is not void or voidable.
In conclusion, an agreement not enforceable by law is said to be unenforceable. This means that while the agreement may be valid and binding between the parties involved, there are no legal consequences if the terms are not fulfilled. As a professional, it`s important to understand the legal terminology used in articles and to ensure that the language used is accurate and clear to the target audience.
