The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract. Once you sign a contract, it is valid and enforceable right away.Usually, there is no right to cancel. It is imperative to consult an experienced contract attorney when drafting, reviewing, or negotiating a contract, as not all agreements are legally enforceable. We'll assist you in filing a breach of contract claim. A contract in Virginia is an enforceable agreement regarding pre-determined duties, compromise, and satisfaction expected of the participating entities. Fairfax, VA contract lawyer explains the elements of breach of contract. Call (703) 865-6100 to schedule a consultation if you suspect a breach of contract. A void contract is considered a nullity and has no legal effect. Being in breach of contract means one or more of the parties named in the contract has failed to satisfy the terms or responsibilities they agreed to.