Agreement expressly declared as void - meaning of void agreement , agreements declared void under provisions of law and agreements declared void under Indian Contract Act.

1. AGREEMENT EXPRESSLY DECLARED AS VOID
PRESENTED BY : KHUSHI GOYAL

2. 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 .

3. 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 .

4. 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.

5. 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

6. 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.

7. 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.

8. 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.

9. 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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