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VOID AGREEMENT
1. Introduction:
Under contract act void agreement is an agreement not enforceable by the law is said to void. A void agreement does not give rise to any legal consequence and is void.
2. Meaning :
The word void means "not binding in law."
3: Agreements contrary to the law:
i. Agreements in Restraint of Marriage:
An agreement which restricts a person from marrying is called an agreement in restrain of marriage.
ii. Agreements in Restraint of Trade:
An agreement that interferes with a person's right to engage himself in any lawful trade, occupation or profession is called an "agreement in restraint of trade are void."
iii. Agreements in Restraint of legal Proceedings:
According to Contract Act 1872:
a. An agreement by which a party is restricted absolutely from taking usually legal proceedings, in respec of any rights arising from a contract.
b. An agreement which limits the time within which one may enforce his contract rights, without regard to the time allowed by the limitation Act, 1908.
iv. Uncertain Agreements:
If an agreement which is not certain, or capable of veing made certain, is void. If the agreement contains terms which are not clear the agreement is not enforceable.
v. Wagering Agreements:
The term wagering means "a bet."
vi. Agreements contingent on Impossible Events:
Contingent agreements to do or not to do anything whether the impossibility of the eent is known owr not to the parties to the agreement at the when it is made.
1. Introduction:
Under contract act void agreement is an agreement not enforceable by the law is said to void. A void agreement does not give rise to any legal consequence and is void.
2. Meaning :
The word void means "not binding in law."
3: Agreements contrary to the law:
i. Agreements in Restraint of Marriage:
An agreement which restricts a person from marrying is called an agreement in restrain of marriage.
ii. Agreements in Restraint of Trade:
An agreement that interferes with a person's right to engage himself in any lawful trade, occupation or profession is called an "agreement in restraint of trade are void."
iii. Agreements in Restraint of legal Proceedings:
According to Contract Act 1872:
a. An agreement by which a party is restricted absolutely from taking usually legal proceedings, in respec of any rights arising from a contract.
b. An agreement which limits the time within which one may enforce his contract rights, without regard to the time allowed by the limitation Act, 1908.
iv. Uncertain Agreements:
If an agreement which is not certain, or capable of veing made certain, is void. If the agreement contains terms which are not clear the agreement is not enforceable.
v. Wagering Agreements:
The term wagering means "a bet."
vi. Agreements contingent on Impossible Events:
Contingent agreements to do or not to do anything whether the impossibility of the eent is known owr not to the parties to the agreement at the when it is made.