When a contract is void, it cannot lead to enforcement by either party. This is a contract that is no longer useable. A contract is void when one party attempts to accomplish something that is either impossible or illegal in the state or country. If a person is not mentally competent because of an illness or someone under the age of majority, it is void.
A voidable contract can proceed through the court enforcing the clauses because it is a valid agreement between the two parties. One party will remain bound to the terms of the contract while the other may only need to supply something such as payment or another item of value. The unbound party has the power to cancel the agreement and leave the other person or entity without payment or services. Voidable contracts are still legal and valid with enforceability in the courts. Without specific language, the bound party may have more leeway in what he or she can do and how to void the contract.
Do not hesitate to contact the attorneys at Tishkoff if you have questions regarding contract law or litigation. The attorneys at the Tishkoff law firm, located in downtown Ann Arbor, Michigan, may be reached by phone or email. This contact information is available at Tishkoff’s web site: www.Tish.Law.