improvident contract

improvident contract
A contract which is unwise, unprofitable or oppressive, resulting from bad calculation or the want of vigilance on the part of the party who seeks relief therefrom. 27 Am J2d Eq § 25. A contract disadvantageous to one of the parties; a contract financially improvident or a contract so unreasonable and such an abnegation of legal rights that, for protection of the public, it should not be enforced; a contract, the enforcement of which will bring about an unreasonable restriction of the liberty of a person to exercise his profession or occupation or earn his living. 17 Am J2d Contr § 192.

Ballentine's law dictionary. . 1998.

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