In legal terms, an agreement not enforceable by law is referred to as void. This means that the agreement has no legal force and cannot be enforced in a court of law. Section [insert relevant section number] of [insert relevant legal statute] outlines the guidelines for determining the enforceability of agreements.
An agreement can be deemed void for a number of reasons, including lack of consideration, illegality, incapacity, fraud, duress, and mistake. Lack of consideration refers to an agreement where one party does not receive anything of value in return for their promise. Illegality involves agreements that violate the law, such as contracts for illegal activities. Incapacity refers to contracts where one party is not legally capable of entering into an agreement, such as a minor or someone with a mental illness. Fraud and duress involve situations where one party was coerced or misled into entering into the agreement, while mistakes refer to errors in the terms or conditions of the agreement.
It is important to note that an agreement can also be voidable, meaning that it can be legally enforced unless the party with the right to void the agreement chooses to do so. For example, contracts entered into under duress or by someone who lacked capacity may be voidable.
In order to avoid creating void agreements, it is important to ensure that the terms and conditions are legal and fair for all parties involved. It is also important to ensure that there is consideration on both sides, and that both parties fully understand the terms of the agreement before signing.
It is also important to note that some agreements may be voidable or void under specific circumstances. For example, contracts entered into by minors may be voidable if the minor chooses to disaffirm the agreement once they reach the age of majority. Similarly, contracts that violate public policy may be void under certain circumstances.
In conclusion, an agreement not enforceable by law is void under section [insert relevant section number] of [insert relevant legal statute]. To ensure enforceable agreements, it is important to ensure that all parties fully understand and agree to the terms and conditions, that the agreement is legal and fair, and that there is consideration on both sides. By following these guidelines, individuals and businesses can avoid creating void agreements and ensure that their contracts are legally sound.