null and void

null and void definition - business

null and void

Describing a provision or contract that is legally unenforceable. For example, a contract to steal money is null and void, because the act of stealing is illegal. Also, if a contract indicates a date by which time something must be done, and it is not, the contract is null and void.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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