{"id":68,"date":"2024-08-05T11:50:00","date_gmt":"2024-08-05T10:50:00","guid":{"rendered":""},"modified":"2025-06-30T12:49:58","modified_gmt":"2025-06-30T11:49:58","slug":"types-of-a-contract","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2024\/08\/types-of-a-contract\/","title":{"rendered":"Types of a Contract"},"content":{"rendered":"<p><b><span style=\"font-size: 12pt; line-height: 107%;\">WHAT ARE THE TYPES OF CONTRACTS?<\/span><\/b><\/p>\n<p><span style=\"font-size: 12pt;\">There are different types of contracts and these include:<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;\"><span style=\"mso-list: Ignore;\">\u00b7<span style=\"font: 7pt 'Times New Roman';\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/span><\/span><span style=\"font-size: 12pt;\">Void contracts<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><span style=\"text-indent: -18pt;\">\u00a0 \u00a0 \u00a0 Contract that cannot be enforced by law because it involves an illegal act or an agreement which is impossible to execute<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;\"><span style=\"mso-list: Ignore;\">\u00b7<span style=\"font: 7pt 'Times New Roman';\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/span><\/span><span style=\"font-size: 12pt;\">Voidable contracts<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><span style=\"text-indent: -18pt;\">\u00a0 \u00a0 \u00a0 Contract that is valid but can be nullified because one of the parties is not bound to the contract legally, which can range from misrepresentation of facts, non-disclosure of key facts, agreement with a minor, coercion etc.<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><!-- [if !supportLists]--><span style=\"font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;\"><span style=\"mso-list: Ignore;\">\u00b7<span style=\"font: 7pt 'Times New Roman';\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/span><\/span><span style=\"font-size: 12pt;\">Valid contracts<\/span><\/p>\n<p style=\"margin-left: 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;\"><span style=\"text-indent: -18pt;\">\u00a0 \u00a0 \u00a0 Contract that has all key elements of a contract correctly complied with by both parties to the contract and can be enforced by law<\/p>\n<p><\/span><\/p>\n\n\n<p><a href=\"https:\/\/www.thetrainingplace.org\/aat-level-2\">AAT Level 1 &amp; 2 | The Training Place<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHAT ARE THE TYPES OF CONTRACTS? There are different types of contracts and these include: \u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Void contracts \u00a0 \u00a0 \u00a0 Contract that cannot be enforced by law because it involves an illegal act or an agreement which is impossible to execute \u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Voidable contracts \u00a0 \u00a0 \u00a0 Contract that is valid but can be &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2024\/08\/types-of-a-contract\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,21,27],"tags":[],"class_list":["post-68","post","type-post","status-publish","format-standard","hentry","category-aat","category-level-2","category-the-business-environment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Types of a Contract - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2024\/08\/types-of-a-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Types of a Contract - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"WHAT ARE THE TYPES OF CONTRACTS? There are different types of contracts and these include: \u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Void contracts \u00a0 \u00a0 \u00a0 Contract that cannot be enforced by law because it involves an illegal act or an agreement which is impossible to execute \u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Voidable contracts \u00a0 \u00a0 \u00a0 Contract that is valid but can be ... 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