What is a void or voidable contract?

In New York, a void contract is simply no contract at all. It binds neither party.  If you enter into a void contract, nothing more has to be accomplished on your part.  It is binding by neither party and cannot be ratified.

Contracts that are usually considered voidable when one of the parties has the ability either to avoid or validate the agreement.

Once you perform the duties and obligations of a contract, it cannot be considered voidable.

For more information on void or voidable contracts, contact me at 212-233-0666.

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