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Kinds of Illegal Agreement

by bamsco February. 23, 23 3 Comments

As a professional, I understand the importance of creating content that is both informative and optimized for search engines. In this article, we will be discussing the different kinds of illegal agreements that exist under the law.

Illegal agreements are agreements that violate the law and are therefore unenforceable. These agreements can be classified into two broad categories: those that are illegal under common law and those that are illegal under statutory law.

Common law illegal agreements:

1. Agreements to commit a crime: Any agreement that involves the commission of a crime is illegal. For example, if two individuals agree to rob a bank, their agreement would be illegal.

2. Agreements that are contrary to public policy: Any agreement that goes against the public interest is considered illegal. For instance, agreements that limit competition or restrain trade are illegal.

3. Agreements that are fraudulent: Any agreement that is based on fraud or deceit is illegal. For example, if two parties agree to sell a car, but one party conceals the fact that the car has been in a major accident, the agreement would be illegal.

Statutory law illegal agreements:

1. Agreements that violate antitrust laws: Antitrust laws are designed to promote competition in the marketplace. Any agreement that violates these laws, such as price-fixing agreements or agreements not to compete, is illegal.

2. Agreements that violate consumer protection laws: Consumer protection laws are designed to protect consumers from unfair business practices. Any agreement that violates these laws, such as agreements that waive a consumer`s right to sue or that require consumers to waive their rights under state law, is illegal.

3. Agreements that violate employment laws: Employment laws cover a wide range of issues, including minimum wage, overtime pay, and discrimination. Any agreement that violates these laws, such as agreements that waive an employee`s right to sue for workplace discrimination, is illegal.

In conclusion, there are many different kinds of illegal agreements that exist under the law. As a professional, it is important to ensure that this content is informative and useful for readers while also being optimized for search engines. By understanding the different types of illegal agreements, individuals can protect themselves and ensure that they are not entering into illegal agreements.

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