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No, just do like you do with children who sign contracts, invalidate any obligations the child has to the adult, but the adult is still bound to any obligations they have, and punish the adult for trying to take advantage of the child.

Ideally, the ability for individuals to sign contracts with corporations should be forbidden. Maybe a single 1 person corporation that doesn't involve a lawyer either direct or as a contractor.

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I don't think the world could function without contracts.

I get into a restaurant, I order some food. That's a contract where I get into the obligation of paying, and they get into the obligation of serving the food.

It's much more likely that the justice system needs a complete rework.

You would still have contracts, they would be limited to being between people of similar power, and a lot stronger protections for someone being taken advantage of.

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