In Kenya, the following types of contacts exist;

• Simple Contracts
• Voidable contracts
• Void Contracts
• Evident written contracts

Simple Contracts

These types of contracts made orally or in writing or both of them rather than under seal and don’t need any legal formalities when they are applied. Simple contracts require deliberation to be valid. Simple contracts may be inferred from the conduct of parties bound by the contract.

Voidable contracts

This is the type of contract whereby one enters into without the free consent of the party. The corresponding proceed can be annulled by the decision of one party. It is not clearly specified on what one should do, but the proceeds should be agreed by both parties to avoid being withdrawn by the decision of one of them.

Void Contracts

They are contracts that aren’t legally enforceable, starting from the time they were generated. The reason for not involving legal procedures is due to the non-existence of essentials of a valid contract. In a legality, a void contract is viewed as if it was never generated and deemed unenforceable in court.

Evident written contracts

They are the type of contracts when signed, if you default the terms described in the contract, the other party will have the right to pursue legal action demanding settlement. They include coverage such as contracts of guarantee and insurance contracts.