An agreement shall be void for a number of reasons. In general, a void agreement is one that is unenforceable and has no legal effect. This means that neither party can use the agreement to assert their rights or defend against legal action. There are several reasons why an agreement may be considered void, and understanding these reasons is important for anyone involved in business or legal transactions.

One common reason why an agreement may be void is if it is entered into under duress or coercion. This means that one party was forced to enter into the agreement against their will, due to threats or other forms of pressure. If it can be shown that one party was not acting voluntarily when they signed the agreement, then the agreement may be considered void.

Another reason why an agreement may be void is if it is entered into fraudulently. This means that one party intentionally deceived the other party in order to induce them to sign the agreement. Fraudulent agreements are often used to deceive people into giving up their rights or agreeing to terms that are not in their best interests. If it can be shown that one party intentionally deceived the other, then the agreement may be considered void.

An agreement may also be considered void if it is illegal. This means that the terms of the agreement are in violation of the law or public policy. For example, an agreement to commit a crime would be considered illegal and void. Similarly, an agreement that violates antitrust laws or other regulations may also be considered void.

Finally, an agreement may be considered void if it is entered into by parties who are not legally capable of making a contract. For example, minors, people who are mentally incapacitated, or those who are under the influence of drugs or alcohol may not have the legal capacity to enter into a contract. If it can be shown that one or both parties lacked the legal capacity to enter into the agreement, then the agreement may be considered void.

In summary, an agreement shall be void for several reasons, including duress or coercion, fraud, illegality, and lack of legal capacity. It is important for anyone involved in business or legal transactions to understand the reasons why an agreement may be considered void, in order to avoid entering into unenforceable contracts. As a professional, it is important to use keywords such as “void agreement”, “duress”, “coercion”, “fraud”, “illegality”, and “legal capacity” to optimize the article for search engines.