Voidable Contract Law and Legal Definition

A voidable contract is one that can be affirmed or rejected at the option of one of the parties. Voidable contract is one that is void as to the wrongdoer but not void as to the party wronged, unless that party elects to treat it as void. A voidable contract is a contract which is valid and capable of producing the results of a valid contract, but which may be avoided.