In the world of contracts and agreements, it is important to understand the difference between a void contract and a voidable contract. While they may sound similar, they have distinct characteristics that can significantly impact their enforceability.

A void contract is one that is considered null and void from the beginning. This means that the contract is invalid and has no legal effect. It is as if the contract never existed. Examples of void contracts include contracts entered into by minors or contracts that involve illegal activities.

On the other hand, a voidable contract is a contract that is initially valid and enforceable, but one or both parties have the option to void or cancel it at a later time. This can happen due to various reasons, such as fraud, duress, or misrepresentation. The party who wishes to void the contract must take action to do so within a certain timeframe.

Understanding the difference between these two types of contracts is crucial, as it determines the legal consequences and remedies available to the parties involved. It is advisable to seek legal advice in situations where you are unsure about the enforceability of a contract.

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