A void contract is one that has no effect due to some fundamental defect. Generally no property can pass under a void contract. Contracts contrary to public policy, for example, to restrain another from pursuing their business, are usually void.
A voidable contract on the other hand, is a valid contract but the law gives one party an option whether or not to proceed with the agreement. For instance, there may be misrepresentation which allows the innocent party to make certain choices, thus a contract declared voidable.
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