Void Agreements

A cricketer signs a five-year deal with a sports management firm and promises not to play or endorse anything anywhere else, ever. A builder tells a buyer, if you ever complain to a court, your rights are gone. Two friends bet ₹5,000 on an IPL match and one refuses to pay. All three arrangements have a signature and a price. The Contract Act says each is void, in whole or in part, and then lists the exceptions that save some of them.

In two minutes

Sections 26 to 30 name the agreements that are void even if consent, competence and consideration are all present: restraint of marriage, restraint of trade, restraint of legal proceedings, uncertain agreements and wagers, each with its own exceptions.

The rest of this chapter

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