Agreement With Unlawful Consideration or Object Are Illegal
An agreement is a fundamental part of any legal transaction or contract. However, when the consideration or object of the agreement is unlawful, the agreement is deemed illegal. In such cases, the agreement cannot be enforced by the courts, and any party to the agreement cannot recover any damages. In this article, we will discuss the implications of an agreement with unlawful consideration or object.
What is Unlawful Consideration?
Unlawful consideration refers to any object or action that is deemed illegal or prohibited by law. For example, if two parties agree to engage in an illegal business, like dealing in illegal drugs, the consideration for the agreement is considered unlawful. Similarly, if a party agrees to pay a bribe to secure a business deal, the consideration for the agreement is unlawful.
In such cases, the agreement is considered illegal and unenforceable. This means that the parties to the agreement cannot seek court intervention for the enforcement of the agreement.
What is Unlawful Object?
The object of an agreement refers to the purpose or goal of the agreement. If the object of the agreement is illegal or prohibited by law, the agreement is deemed unlawful. For example, if two parties agree to rob a bank, the object of the agreement is unlawful.
In such cases, the agreement is considered illegal, and the parties to the agreement cannot seek court intervention for the enforcement of the agreement.
Implications of an Agreement with Unlawful Consideration or Object
An agreement with unlawful consideration or object is not only illegal but also void. This means that the agreement cannot be enforced, and any party to the agreement cannot recover any damages. Moreover, any party that has suffered damages due to the agreement cannot seek compensation from the other party.
Additionally, any party that has participated in an agreement with unlawful consideration or object is liable for criminal prosecution. This means that the parties to the agreement can face criminal charges for their actions.
Conclusion
In conclusion, an agreement with unlawful consideration or object is illegal and void. Parties who engage in such agreements cannot seek court intervention for the enforcement of the agreement. Moreover, any party that has suffered damages due to the agreement cannot seek compensation from the other party. Therefore, it is vital to ensure that any agreement entered into is lawful to avoid any legal implications.