Agreement Not Expressly Declared Void by Law

Agreement not expressly declared void by law is a term used in legal circles to refer to any contract or agreement that is not specifically prohibited by law. In other words, it is an agreement that is not expressly declared void by any statutory provision.

When drafting an agreement, it is crucial to ensure that it complies with the laws and regulations applicable in the relevant jurisdiction. This involves identifying any provisions that may be contrary to the law and removing them from the agreement. However, if an agreement does not contain any provisions that are expressly prohibited by law, it is considered to be valid and enforceable.

One example of an agreement not expressly declared void by law is a non-compete agreement. This type of agreement is often used by employers to prevent their employees from working for a competitor for a certain period of time after leaving their current employment. While non-compete agreements are subject to certain limitations, they are generally considered to be valid as long as they meet specific legal requirements.

Another example of an agreement not expressly declared void by law is a prenuptial agreement. This type of agreement is entered into by couples before they get married, and it outlines how their assets will be divided in the event of a divorce. Although prenuptial agreements are not universally recognized, they are generally considered to be valid as long as they are entered into voluntarily, with full disclosure of assets, and without undue influence or coercion.

In conclusion, an agreement not expressly declared void by law refers to any contract or agreement that is not specifically prohibited by law. If an agreement complies with all applicable laws and regulations, it is considered to be valid and enforceable. However, it is important to seek legal advice when entering into any agreement to ensure that it is legally binding and enforceable.