As a professional, let me introduce you to the concepts of void agreements and voidable contracts.
Void agreements and voidable contracts are two legal terms that may sound similar, but they have different meanings and implications.
A void agreement is an agreement that is not enforceable by law. This means that the courts will not recognize the agreement as a contract and will not enforce it. Void agreements are usually illegal or against public policy. Some examples of void agreements are agreements that involve illegal activities, agreements that are made under duress, agreements that involve fraud, agreements that are made without the consent of the parties involved, and agreements that are contrary to public policy.
On the other hand, a voidable contract is a contract that may be enforceable if one of the parties decides to enforce it. A voidable contract is a contract that can be canceled by one of the parties involved because of a defect in the formation of the contract. Some examples of defects that may make a contract voidable are fraud, misrepresentation, undue influence, duress, and mistake. If a contract is voidable, the party that has the right to void the contract must do so within a certain period of time, otherwise, the contract becomes enforceable.
It is important to note that a void agreement cannot be ratified or validated, while a voidable contract can be ratified or validated if the party that has the right to void the contract decides to do so.
In conclusion, void agreements and voidable contracts are two legal terms that are often confused but have different meanings. It is important to understand the differences between these two terms to avoid confusion and legal complications in the future. If you are involved in a contract that you believe may be void or voidable, consult a legal expert for advice.