Voidable Contract

A voidable contract is a contract that can be legally voided by one or more of the parties involved. This can happen for a number of reasons, such as if one party was not legally competent to enter into the contract, or if the contract was entered into under duress or fraud.

Voidable contracts are not the same as unenforceable contracts. An unenforceable contract is a contract that cannot be enforced by the courts, but it is still valid and binding. A voidable contract, on the other hand, is not valid and binding at all.

There are a number of different ways to void a contract. One way is to file a lawsuit to have the contract declared void. Another way is to simply ignore the contract and refuse to perform your obligations under it. If the other party tries to enforce the contract, you can raise the defense of "voidability" and the court will likely find in your favor.

It is important to note that voidable contracts are not always easy to void. If the other party has already performed their obligations under the contract, it may be difficult to get the contract declared void. Additionally, if you have already received benefits under the contract, you may be required to return those benefits in order to have the contract voided.

If you are considering voiding a contract, it is important to speak to an attorney first. An attorney can help you determine if the contract is actually voidable and can also help you navigate the process of voiding the contract.

Here are some additional examples of voidable contracts:

• A contract entered into by a minor
• A contract entered into under duress or fraud
• A contract that is unconscionable
• A contract that is illegal

If you are a party to a contract and you believe that the contract is voidable, it is important to speak to an attorney as soon as possible. An attorney can help you determine if the contract is actually voidable and can also help you void the contract if necessary.