What does it mean when a contract is described as "void"?

A contract described as "void" means that it never came into existence in the eyes of the law. This implies that the contract lacks the fundamental elements that are required for a valid agreement, such as mutual consent, a lawful object, and consideration. Because it is considered null from the outset, it holds no legal significance, and parties cannot execute or enforce any obligations under it.

Understanding this concept is crucial because it differentiates a void contract from one that may be unenforceable or valid but subject to rejection under certain circumstances. Contracts that are void are treated as if they never happened; therefore, there are no legal rights or responsibilities created by them.