In many cases, laws are specifically designed to restrict
otherwise valid contracts; for instance, in the US, an employment contract that pays less than $ 7.25 an hour will normally be invalid, even if the company and the employee both agree to the reduced wage.
An otherwise valid contract can be struck down as unconscionable or unreasonable.
Not exact matches
«During the economic downturn some buyers used ILSA to rescind
otherwise valid condominium
contracts for economic reasons — an entirely unintended consequence of the law and its intent,» Rep. Carolyn B. Maloney, D - N.Y., who sponsored the bill along with Michael Grimm, R - N.Y., Patrick T. McHenry, R. - N.C., and Jerrold Nadler, D. - N.Y., said in a statement.
To be
valid, the seller must agree to pay these items in the
contract:
otherwise, you will be responsible for most of these costs.
However, it is not sufficient to say «But I thought...», since
otherwise no
contracts would ever be
valid.
If there is a remedy available to an employee because of a human rights violation, the termination provision in the employment
contract, even if
otherwise valid, will have no impact on the claim.
Rep. Maloney's bill exempts condo developers from these disclosure requirements, and therefore prevent buyers from rescinding
otherwise valid real estate
contracts due to personal financial reasons.
A
contract made for the purpose of facilitating an illegal act is not
valid, if you have no intention of buying, don't have the ability to buy, the
contract is only made to establish an agency relationship or allow activities that are
otherwise restricted or not allowed, the purpose of the
contract is questioned.