Which term refers to a contract that has been legally rejected?

The term "null and void" specifically refers to a contract that has been legally rejected or deemed without legal effect. In legal terminology, when a contract is referred to as null and void, it means that it lacks any power or effect, making it as if it never existed in the eyes of the law. This can occur for various reasons, such as illegality, lack of capacity, or failure of consideration. The concept signifies that no party can enforce the contract or seek remedies for its breach since the agreement holds no legal validity.

This term effectively communicates the complete absence of enforceability, distinguishing it from other related terms that may not fully capture the same meaning or implications. Understanding this term is crucial in recognizing the status of contracts and the legal ramifications that arise when agreements are not binding or have been invalidated in a legal context.