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Mar 28, 2024 · The repercussions of a contract breach can vary, often depending on whether the contract becomes "void" or "voidable" due to the breach. Key consequences include: Monetary Damages: Compensation for losses resulting directly from the breach.
The reasons a contract becomes void are typically structural or fundamental. A lack of consideration, illegal subject matter, or impossibility of performance are common causes. Void contracts often fail to meet basic requirements for legality or enforceability, making them invalid from the outset.
- Void vs. Voidable — Understanding The Difference
- Circumstances Rendering A Contract Voidable
- Contact An Experienced Alexandria Business Dispute Lawyer For Assistance
Those who are involved in a breach of contract dispute may not realize that there is a functional difference between void and voidable contracts. This difference could have significant implications for the case at-hand. Void contracts are fundamentally unenforceable. They are invalid by default, and none of the parties to the contract can be held t...
A contract may be rendered voidable if: 1. Any party was under duress, undue influence, or was being intimidated, coerced, or threatened when entering into the agreement; 2. Any party was mentally incompetent (i.e., mentally ill, below the age of majority, etc.) at the time that the contract was entered; 3. Any party made a mistake as to their inte...
Binnall Law Group, PLLC is a boutique commercial litigation firmbased out of Alexandria, VA and serving a range of clients throughout Virginia, Maryland, and the Washington D.C. metro area. We have extensive experience representing the interests of both plaintiffs and defendants in various breach of contract disputes, including those that involve c...
Aug 27, 2024 · Once you sign a contract, you and the other party must fulfil your obligations. However, some factors make a contract void even after its effect. A void contract means it is not enforceable, so neither party can exercise their rights or perform their obligations. This article will set out seven key factors that lead to a void contract.
- Explanation
- Capacity. Contractual capacity refers to an individual’s ability to enter into an enforceable contract. People who are underage, mentally disabled, or intoxicated lack legal capacity and can’t be held liable for their end of the agreement.
- Offer. An offer is the initial draft of a contract that includes the terms of the contract to which the offeror is willing to be bound. Most offers – and contracts for that matter – include a promise to act or not act in a certain way or an exchange of promises.
- Acceptance. Acceptance, in reference to the offer made, is an agreement to abide by the terms and conditions in the contract provided by the offeror. An offers acceptance must be made in the manner specified by the contract, or, if not specified, in a way that is seen as reasonable for that situation.
- Legality. Legality simply refers to whether or not the terms, conditions, and overall agreement abide by the law and public policy. If the subject matter of a contract isn’t legal, it isn’t enforceable.
Nov 27, 2020 · There may be a circumstance that makes a contract null and void. A void contract is no longer valid or legally enforceable under state or federal laws. Contracts may become void if they: Are against prevailing public policies; Are severely one-sided; Involve illegal activities or crimes;
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Oct 10, 2023 · When a contract is deemed void, it's as if the contract never existed legally speaking. Hence, anything you did under the void contract is generally not recoverable, and you...
