A voidable contract is a type of agreement that remains valid until one party chooses to void it. This means that one or both parties have the option to cancel the contract due to certain circumstances, such as misrepresentation, undue influence, or lack of capacity. If the party with the right to void the contract decides to affirm it, the contract remains enforceable. In contrast to a void contract, which is never valid, a voidable contract can become binding if the party with the option to void it does not exercise that right. Common examples include contracts involving minors or agreements made under duress.