What is true regarding contracts that are void?

Contracts that are classified as void are considered to never have any legal effect or obligations from the outset. This means that, regardless of the circumstances, such contracts do not confer any rights or duties to any party involved. They are treated as if they never existed legally, so no party can enforce them, and they cannot be ratified or made valid by any means later on.

In the context of contract law, void contracts usually arise from factors such as illegality, lack of capacity, or impossibility of performance. For example, if the subject matter of the contract is illegal, the contract is void and cannot be enforced. This principle underscores that contracts that fail to meet necessary legal standards or criteria do not hold any weight in a legal setting.