Unfortunately, many individuals encounter situations in which they’ve dealt with unscrupulous individuals who have, in some form or fashion, enticed them into signing contracts that are legally “null and void.” If the contract is legally null and void, the contract is unenforceable under the law in the state in which the contract was issued. (That assumes that the act itself is illegal in that particular jurisdiction.) If you find yourself in such a situation and desire to pursue litigation, you may find that lawsuit loans and settlement loans prove to be tremendously beneficial to you.
Let’s discuss an example of a situation that might arise in which a contract into which you’ve entered is declared null and void. The real question will arise regarding the date on which the act was declared null and void. If the particular action was declared null and void subsequent to the date on which you entered into the contract, another question will arise with respect to whether the individual with whom you entered into the contract either knew or should have known of the impact that pending legislation would have on the particular contract into which you’ve entered.
In the state of Texas, there is currently a piece of legislation awaiting the governor’s signature that pertains to the “assignment” related to transactions dealing with real estate. If the law is enacted, it is scheduled to take effect immediately upon the governor’s signature. Any assignments made in contravention to the law once it is enacted will be subject to various fines. However, contracts entered into prior to its passage would also require specific reporting of the transactions undertaken.
If you feel as though you’ve been harmed as a result of contractual language, you may have a legitimate legal claim against the individual with whom you entered into the contract. Naturally, you would need to seek competent legal advice with respect to this particular issue. However, if you do find that it this viable for you to pursue a claim against an individual with whom you entered into the contract, lawsuit loans and settlement loans should be considered to assist you throughout the process of litigation (e.g., cost of depositions, experts, etc.).
It will be vital for you to have a competent attorney to advise you in these issues. There will be several questions that will arise as to whether the individual with whom you entered into the contract either knew or should have known of the illegality of the act at the time the contract was entered. However, if the law has been passed prior to the date on which the contract is entered, irrespective of the individual’s knowledge of that law, the contract would be null and void. The real question will be whether the individual with whom you entered into the contract either knew or should have known of pending legislation likely to make the action illegal at the time that you entered into the contract.
Many individuals are unaware of the fact that contract law operates in a different universe. It operates under laws that attempt to create equitable arrangements between the parties involved in the contract. The purpose of these laws is primarily to see to it that each party is properly protected. Estoppel actions may also be undertaken to preclude further harm with respect to either enforcement or denial of privileges/actions identified under the terms of the contract.
Individuals who find themselves injured in some way as result of a contract that is now null and void, should consult with an attorney to see if there is a legitimate claim that may be raised against the individual with whom you entered into the contract. If you do, remember that lawsuit loans and settlement loans often prove tremendously helpful to such individuals.