A sale agreement with a void clause of the agreement after 3 months may be a case of a voidable contract. A voidable contract is a contract that can be canceled or rejected by one of the parties if they discover that the contract has some defect or flaw that affects its validity or legality. A void clause is a clause that is contrary to the law or public policy, and therefore has no legal effect. For example, a clause that restrains the trade or profession of one of the parties, or a clause that imposes an unreasonable penalty for breach of contract, may be considered void.
If there is a sale agreement with a void clause of the agreement after 3 months, the party who is adversely affected by the clause may have the option to either:
Continue with the contract and ignore the void clause. In this case, the contract will be valid and enforceable, except for the void clause, which will be treated as if it never existed.
Cancel or rescind the contract and claim damages for any loss or injury suffered due to the void clause. In this case, the contract will be terminated and both parties will be restored to their original positions before entering into the contract.
The party who wants to cancel or rescind the contract must do so within a reasonable time after discovering the void clause, otherwise they may lose their right to do so. The party must also not affirm or ratify the contract by their words or actions after knowing about the void clause, otherwise they may be bound by the contract.
The party who does not want to cancel or rescind the contract may try to persuade or compel the other party to perform the contract, by offering some compensation or benefit for waiving their right to cancel or rescind, or by seeking an injunction or specific performance from a court of law.
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What to do if there is a sale agreement with a void clause of the agreement after 3 months?
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2023-09-20T08:50:39+00:00 2023-09-20T10:05:25+00:00Comment
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