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Unenforceable Contracts

  Unenforceable Contracts Unenforceable contracts are those contracts which are valid contracts but because of some technical defects are rendered unenforceable by law. For a contract to be deemed enforceable, certain conditions need to be met: Offer: An offer is a promise to do or abstain from doing something. It must be stated in such a manner that it would lead the individual receiving it to expect a contract arising from its acceptance.   Acceptance: When both the parties accept the terms by mutual assent.  Consideration: An exchange of something of value in exchange for contractual promises.  In case of an unenforceable contract, the court will not compel a party to act or compensate the other for not fulfilling the contract terms. A contract my be deemed unenforceable for various reasons. There are certain cases, in which some special requirements need to be met in oder to constitute a contract such as the contract must be attested or registered. If by either party, such formalit