Before an individual can enter into a binding legal agreement known as a contract, he or she must meet the legal contract age. The legal contract age is also referred to as the age of majority, which is 18 years old in most jurisdictions. Individuals below the age of 18 years old are not obligated to fulfill a contract they have entered into. However, there are exceptions to this rule, such as being an emancipated individual or certain conditions are fulfilled before a minor can enter into a contract.
Minors usually cannot enter into a legally binding agreement such as a contract because they are not old enough to be held accountable for their actions. if such an instance occurs wherein a party of legal contract age enters into a legally binding agreement with one who is not of legal contract age, the latter may void the agreement in the event that the terms and conditions cannot be fulfilled by him or her. However, if the party of legal contract age commits a contract breach, he or she can be held accountable to the minor who entered into the agreement with him or her.
Because there are exceptions to a legal contract age, minors who are part of the exception who enter into a legally binding agreement are liable for any conditions or terms they have agreed to fulfill. If an emancipated minor makes a breach of contract, he or she is subject to the legal consequences. Thus, a legal contract age cannot protect those who are considered exceptions.