A void contract differs from a voidable contract. While a void contract was never legally valid and will never be enforceable, voidable contracts may be valid until one party formally rejects the terms for reasons allowable in the contract or by law.

A void contract differs from a voidable contract. While a void contract was never legally valid and will never be enforceable, voidable contracts may be valid until one party formally rejects the terms for reasons allowable in the contract or by law.