An agreement not enforceable by law is called a „void agreement“. This term is used to describe a contract that cannot be enforced due to legal reasons. This could be because the contract is missing essential elements, such as consideration, or because it goes against a legal requirement.
Void agreements can be problematic for all parties involved. For example, if a person signs a contract that is later determined to be void, they may be held responsible for any damages caused by their actions. This could include paying damages to the other party or being subjected to legal penalties.
In many cases, void agreements are the result of one or more parties not fully understanding the legal implications of the contract they are signing. This could be due to a lack of legal knowledge or simply not taking the time to carefully review the terms and conditions.
To avoid entering into a void agreement, it is important to seek legal advice before signing any contract. This can help ensure that all parties understand their legal obligations and that the contract is enforceable.
In summary, a void agreement is a contract that cannot be enforced due to legal reasons. It is important to avoid entering into these types of agreements by seeking legal advice and carefully reviewing all terms and conditions before signing. By doing so, all parties can ensure that their legal rights and obligations are protected.