Contract Voidability
/ˈkɒn.trækt vɔɪdəˈbɪlɪti/
Definitions
- (n.) The legal capacity of a contract to be declared voidable at the option of one party due to factors such as misrepresentation, duress, undue influence, or mistake.
The contract's voidability was asserted because of fraudulent misrepresentation by the seller.
Forms
- contract voidability
Related terms
See also
Commentary
Voidability indicates that a contract is valid until annulled; drafters should specify grounds and procedures for avoiding the agreement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.