At times, people find it difficult to expressly differentiate between void agreement and void contract just because both cannot be enforced by law. Void agreement refers to a type of agreement between two or more parties that cannot be enforced by any competent court of law. This type of agreement does not have any legal support. Void contract, on the other hand, is a type of agreement between two or more people to pursue an illegal act.
First of all, the various terms and conditions of this type of contract are illegal, so it will be very difficult for it to have legal backing. For example, a business agreement between criminals or drug dealers cannot be enforced by any court of law. The void agreement is always unenforceable from the beginning to the end of the agreement. For void contract, it May come first with legal things until illegalities set in, and that makes it a void contract.
A void agreement is an arrangement which cannot be enforceable by law. A court of law can not challenge these agreements, and such an agreement lacks legal consequences. It does not grant any exclusive rights to the parties it affects. A void agreement can never be made into a contract.
Agreements must conform to all the variables of a valid contract to be enforceable. Valid contracts, on the other hand, are lawful when they are entered into, as they obey all of the conditions of enforceability, laid down and are binding to all parties. Also, restitution or restoration is not granted in the case of void agreement.
A void agreement is known to be an agreement that has never been valid even when it was presented. A void contract is something that used to be valid but because of the actions of one or both parties, the contract is already void and null. A void agreement may occur when there are certain elements that are not present to ensure that the contract will become available.
There are also instances when a contract becomes void when both parties realize that the things that are being demanded cannot be done within the given time frame. A void agreement cannot be considered illegal or against the law because there were just certain factors that made the agreement impossible to do.