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Agreement Expressly Declared As Void: Presented By: Khushi Goyal

The document discusses different types of void agreements under Indian law. It defines a void agreement as one that cannot be enforced by law. It outlines agreements that are void due to lacking competence, consideration, or having an illegal/unlawful object. Specifically, the document examines agreements declared void under the Indian Contract Act, such as those in restraint of marriage, trade, legal proceedings, or those involving uncertainty or being wagering agreements.

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69 views10 pages

Agreement Expressly Declared As Void: Presented By: Khushi Goyal

The document discusses different types of void agreements under Indian law. It defines a void agreement as one that cannot be enforced by law. It outlines agreements that are void due to lacking competence, consideration, or having an illegal/unlawful object. Specifically, the document examines agreements declared void under the Indian Contract Act, such as those in restraint of marriage, trade, legal proceedings, or those involving uncertainty or being wagering agreements.

Uploaded by

ramakanth007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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AGREEMENT EXPRESSLY DECLARED AS VOID

PRESENTED BY : KHUSHI GOYAL


z LEARNING OBJECTIVES

 WHAT IS VOID AGREEMENT?

 AGREEMENTS WHICH ARE VOID UNDER THE


PROVISIONS OF LAW .

 AGREEMENTS DECLARED AS VOID UNDER THE


INDIAN CONTRACT ACT .
z WHAT IS VOID AGREEMENT?

 A void agreement is an agreement that cannot be


enforced by law.

 Not being enforceable by law implies that the


agreement violates the provision of law and such
cannot be defended by law .
z
AGREEMENTS WHICH ARE VOID
UNDER THE PROVISIONS OF LAW

 Agreements which are void under the provisions of law include:

 An agreement which is made by the party who is not competent to make an


agreement. For example – minor or unsound person.

 An agreement made by the mistakes of parties.

 An agreement which has no consideration , with some exceptions.

 An agreement where the consideration or object of the agreement is illegal or


unlawful.
z
AGREEMENTS DECLARED VOID
UNDER THE INDIAN CONTRACT ACT
 There are some agreements that are declared void under the Indian
Contract Act :

 Agreements in restraint of marriage

 Agreements in restraint of trade

 Agreements in restraint of legal proceedings

 Agreements involving uncertainty

 Wagering agreements
z AGREEMENTS IN RESTRAINT OF
MARRIAGE

 Restraint in marriage means stopping a person from


getting married. It means limiting a person's right to
get married.

 Section 26 of this act states that every agreement in


restraint of marriage of any person other than minor
is void.
z
AGREEMENTS IN RESTRAINT OF TRADE

 According to section 27 of the Indian Contract


Act , ''every agreement by which anyone is
stopped or restrained from exercising lawful
profession , trade of business, is void ''.

 An individual can engage in any trade of his


choice ,any agreement that stops him from doing
this will be void.
z
AGREEMENTS INVOLVING
UNCERTAINITY

 According to section 29 of the Indian Contract Act ,'' any


agreement which involves uncertainty is void ''.

 It is normal that an agreement clearly defines the rights and


responsibilities of the parties .

 If such responsibilities are not clear and clarified then such


agreement will be void. For example : if A makes an agreement to
sell 100 tons of oil to B and does not clarify that what kind of oil A
has agreed to sell. The agreement is void.
z
WAGERING AGREEMENTS

 According to section 30 of the Indian Contract Act , a


wager is an agreement between two parties by which
one promises to pay a specified amount of money to
other person on happening of an event.

 Wager agreement is basically bet between two


persons on happening of an uncertain event.
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