Voidable Contract
/ˈvɔɪdəbl ˈkɒntrækt/
Definitions
- (n.) A contract that is legally binding but may be annulled by one party due to factors such as misrepresentation, duress, or incapacity.
The agreement was considered a voidable contract because one party was coerced into signing it.
Forms
- voidable contracts
Related terms
See also
Commentary
A voidable contract remains effective unless and until the disadvantaged party chooses to rescind it; precise drafting should clarify grounds for avoidance.
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.