What is a void contract?

A void contract is a legally unenforceable agreement that has no legal effect or validity. In Washington, a void contract cannot be enforced, meaning that no party to the agreement can take legal action against the other for not fulfilling the terms of the contract. Void contracts are important to understand within the context of contract law in Washington because a party to a void contract cannot be held liable for any damages or losses incurred by the other party to the agreement. A void contract is typically created when one or more of the parties to the agreement has not provided necessary components, such as consideration, that are required for a valid contract. In Washington, all contracts must include an exchange of value, or consideration, between the parties for the contract to be enforceable. Without consideration, the contract is void. Also, illegal contracts are void in Washington and cannot be enforced by any party. In addition, in Washington, any contract that is in violation of public policy, or any contract that has been obtained through fraud, duress or undue influence is void. This means that any contract that is oppressive, unconscionable, or would create an unfair advantage to one party over the other is considered void and, therefore, cannot be enforced. Finally, if one or both of the parties becomes incapacitated, such as through death or mental disability, the contract may become void. This may also be true if one party cannot fulfill the terms of the contract due to unforeseen circumstances, such as a natural disaster or illness. In all cases, a void contract is not enforceable and all parties to the agreement are free from any legal obligations or liabilities arising from the agreement. It is important to understand what makes a contract void in Washington to ensure that all parties to the agreement are operating within the confines of the law.

Related FAQs

What is a term in a contract?
What is the parol evidence rule and why is it important?
What is consideration in a contract?
What are the defenses to a breach of contract?
What is a contract of indemnification?
What is a contract of adhesion?
What is a contract of sale?
What is the standard of care in a contract?
What is a material alteration of a contract?
What is a contractual waiver?

What is a void contract?

Related FAQs

Related Blog Posts