Agreements That Are Not Enforceable by Law
Agreements are an important aspect of almost every aspect of life. From business to family matters, agreements are made to establish mutually agreed upon terms and conditions that both parties are expected to follow. However, not all agreements are legally enforceable. This means that even though you may have made an agreement with someone, it may not hold up in court if challenged. In this article, we will discuss some of the types of agreements that are not enforceable by law.
Agreements That Violate Public Policy
Agreements that violate public policy are not enforceable by law. Public policy refers to the moral, social, and economic principles that are generally accepted by society. Any agreement that goes against these principles is considered to be against public policy and will not hold up in court. For example, an agreement to commit a crime or an agreement that promotes racial discrimination is not enforceable.
Agreements That Lack Consideration
Consideration refers to something of value that is given in exchange for a promise. In order for an agreement to be legally binding, there must be consideration on both sides. If one side is not receiving anything of value, then the agreement is not enforceable. For example, if you promise to give your friend $100 for no reason at all, and your friend agrees, this is not considered a legally enforceable agreement because there is no consideration on your part.
Agreements That Are Too Vague
Agreements that are too vague are also not enforceable by law. In order for an agreement to be legally binding, it must contain specific terms and conditions that both parties can understand. If an agreement is too vague, it is impossible to determine whether the parties have fulfilled their obligations. For example, an agreement that simply states “I will help you with your business” is not enforceable because it does not contain specific terms and conditions.
Agreements That Are Illegal
Agreements that are illegal are not enforceable by law. This includes agreements that are made to commit a crime, agreements that involve the sale of illegal drugs, and so on. Any agreement that involves illegal activities is not legally binding and will not hold up in court.
Conclusion
In conclusion, not all agreements are legally enforceable. Agreements that violate public policy, lack consideration, are too vague, or are illegal are not legally binding. If you are entering into an agreement, it is important to ensure that it adheres to legal guidelines and is enforceable in court. As a professional, it is important to keep in mind the legal implications of the content being published. By being aware of these agreement types, you can help clients ensure that their agreements are legally binding and avoid legal disputes.