Agreements with Unlawful Consideration: Legal Consequences

  Agreements with Unlawful Consideration: Legal Consequences                                     By : Kshitiz Mishra                A contract is an agreement between two or more people that helps in building trust and ensuring fairness in personal and business relationships. Any contract comprises consideration , which essentially means giving something in return or receiving something valuable, such as money, goods, or services. However, not every consideration is lawful. If the consideration involves something unlawful, harmful, or unethical, the agreement cannot be enforced because it is not valid under the law. In this paper, I will explain what unlawful consideration is, give a few simple examples, and discuss what happens if a person enters into that kind of agreement.   What is Unlawful Consideration? Consideration is what makes a contract enforceable, but it must be lawful and ethical. Unlawful consideration refers to situations where the subject of the contract i