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Contract Loopholes: Everything You Need to Know
Contract loopholes are omissions or ambiguities found in contracts that are included to create ways for parties to avoid following requirements in the contract. They may not be noticeable until the damage has been done, so it’s essential that no loopholes exist in contracts.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
What Is a Contract?
A contract is an agreement between two or more parties that is enforceable by law. Although a contract can also be oral, it’s usually in the form of a legal document signed by two or more parties.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
When Can You Void a Contract?
There are certain situations when a contract needs to be broken; for example, when a contract does not meet the legal requirements. In such scenarios, courts can void a contract. Following are some of the major reasons for voiding a contract:
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Impossible to Perform
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Fraud and Misrepresentation
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Breach of Contract
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Prior Agreement
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Grossly Unfair Agreements
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Incapacity
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For a Contract Attorney – contact the Sodhi Law Group today.
The Sodhi Law Group is a highly successful law firm located in Modesto, California. We specialize in Criminal Defense, Civil Litigation, Personal Injury, Contracts and Transactions, and many other legal services. Jak Sodhi, Ameet Birring, and their team of professionals offer more than 20-plus years of legal experience and over 90% successful court cases since 1999*.
This blog does not create an attorney-client relationship. This blog is legal information and should not be seen as legal advice. You should consult with an attorney before you rely on this information.
Have questions? Contact Sodhi Law Group at http://sodhilawgroup.com/ or (209) 263-4820. Also, follow us on FaceBook today. Or fill out the form below.
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