Agreement Not Expressly Declared Void Definition: Understanding the Term
Agreement not expressly declared void definition refers to an agreement that is not declared invalid or void by law. In simpler terms, this type of agreement is legally binding and enforceable because it complies with all the legal requirements set forth by the law. In general, an agreement that is not expressly declared void is deemed valid and enforceable unless proven otherwise.
An agreement can be deemed void if it violates any statutory laws, public policy, or contractual provisions. In such cases, the agreement is considered null and void from its inception, meaning no party can claim any rights or obligations under it. However, if an agreement does not conflict with any legal provisions and is entered into voluntarily by the parties involved, it is considered a valid and enforceable agreement.
For instance, a car rental agreement signed by both parties, which does not infringe on any legal provisions, is considered a valid and enforceable agreement. The agreement is legally binding, and the parties involved are obligated to fulfill their obligations as agreed upon in the contract.
On the other hand, if an agreement is made between two parties with a provision that is not legal, then the entire agreement will be declared void. For example, if two parties enter an agreement that one party is bound to commit theft, then the whole agreement will be considered void because it requires illegal activity from one of the parties.
It is important to note that the agreement not expressly declared void definition is not limited to written agreements but extends to verbal agreements as well. Any agreement reached between the parties, which complies with all the legal requirements, is legally binding, whether it is written or implied.
In conclusion, an agreement not expressly declared void definition refers to a legally binding and enforceable agreement that complies with all the legal requirements set forth by the law. Any agreement that contradicts the law and public policy is deemed null and void from its inception. Therefore, to ensure the validity of an agreement, it is important to consider all legal provisions and requirements before entering into an agreement.