Worth 5 points What is the legal effect of illegal agreements? One of the parties to the agreement must seek a declaration that the agreement is void. Until then, third parties may gain rights arising out of the agreement. O The agreement is considered void from its inception. Avoid agreement has the same legal effect as a voidable contract. O A void agreement has the same effect as an unenforceable agreement. O Void agreements may allow remedies for persons who have no notice of the void nature of the agreement