void agreement
TRANSCRIPT
An agreement that interferes with a person’s right to engage him in a lawful business, trade, occupation or profession is called an agreement in restraint of trade. “ Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any kind, is to that extent is void” (sec.27)
Sec.28 says,” Every agreement by which any party is restricted absolutely from enforcing his right under a contract, by the usual legal proceedings in the ordinary Tribunals, or which limits the time within which he may enforce his rights, is void to that extent.
A and B are parties to a contract. Both agree that in case of breach of contract, they would not go to court. This is a void agreement
Agreements by the meaning of which is not certain, or capable of being made certain, are void. (Sec 29)
Wager means a bet. A wager is an agreement to pay
money or money’s worth on the happening or non happening of a future event.
Wagering agreement are void. In case of breach of such
agreements nothing can be recovered from court.
(Sec 30)
An agreement to contribute to the payment of a prize of the value of Rs. 500 or more to the winners of any horse race is valid.
All agreement knowingly made All agreement knowingly made to further or assist the to further or assist the entering into, effecting or entering into, effecting or carrying out, or to secure or carrying out, or to secure or guarantee the performance, of guarantee the performance, of any wagering agreement void any wagering agreement void are void.are void.
No suit can be filed in a court of No suit can be filed in a court of law to recover the sum of money law to recover the sum of money paid or payable, commission, fee paid or payable, commission, fee or reward claimed or claimable or reward claimed or claimable in respect of any void in respect of any void agreement.agreement.