Agreements are written contracts established with specific vendors for the purchase of specified products or services within a designated period of time. These include price schedules, departmental blanket open orders, and fixed-price agreements. More detailed information regarding agreements can be found on the Contracting Services website.
There are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.Usury contracts contrary to statute are formed when a contract exists that charges interest rates above the rate that State or local laws permit.Nearly every State has distinct usury laws. In some states a usurious loan is automatically void.here are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.
Lawful Objective. The fourth element of a contract is that it must be made for a lawful objective. Courts will not enforce contracts that are illegal or violate public policy. Such contracts are considered void.For example, a gambling contract would be illegal in many states.lso, an agreement that calls for the commission of a civil wrong (such as a tort) is illegal and void. For example, an agreement to slander a third party is void. Ordinarily, a Court will not consider whether a contract is fair or unfair, wise or foolish.