It is important to be able to distinguish between contracts which are void and contracts which are voidable.

Contracts which are said to be void or void ab initio are not legally binding and have no effect.  Such contracts are useless and of no benefit as they will not be recognized by the courts and are unenforceable.  An example would be a contract for immoral purposes or to commit a crime.

Some contracts, on the other hand, may have a defect which does not go to the heart of the agreement but are voidable at the option of the party who may consider themselves to be at a disadvantage as a result of some defect. 

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