Examlex
Power of Avoidance
The legal ability to declare a contract null and avoid its obligations due to reasons such as fraud, misrepresentation, or other substantive grounds.
Contractual Capacity
The lawful capacity of an individual to engage in a contract that is enforceable.
Disaffirmed
The legal act of declaring a contract or agreement void and nullifying its effects, often in the context of contracts entered into by minors.
Third Parties
Entities or individuals not directly involved in a contract or agreement but who may be affected by its execution or have specific rights or claims related to it.
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