What is a void contract?

A void contract is an agreement between two parties that is legally invalid and unenforceable. This means that neither party can initiate a legal action against the other for failing to uphold their end of the agreement. In Virginia, a contract is void if it is considered invalid or illegal under state law. For example, if one party is under the age of 18, or if the agreement involves an illegal activity, the contract will likely be void. In addition, a contract may be void if its purpose is against public policy, or if it is found to be unconscionable. In Virginia, the courts will also deem a contract void if the parties involved in the agreement fail to meet the necessary requirements, such as providing a mutual consideration or a legitimate payment. In some cases, a contract may be voidable instead of void, which gives the parties the right to either uphold or void the contract. All contracts in Virginia must be in writing, and both parties must agree to the terms of the agreement in order for it to be valid and enforceable. If a contract does not meet these criteria, it will likely be deemed void. In cases of void contracts, neither party is typically held liable for not fulfilling the agreement.

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