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Yes, an unwritten contract can be legally binding if it can be proved that a contract exists between the parties. For instance, many tenants do not have a written lease or rental agreement with their landlords. But it's easy to prove that a contract exists because the tenant is renting the property and the landlord is accepting rent from the tenant. What is harder to establish, however, is what the exact terms of an oral contract are. That's why it is always advisable to put it in writing so that there is no question that a contract exists and both parties are clear on what their rights and obligations are.
In most countries, an oral contract can be enforced. There are certain restrictions. Most require any agreement dealing with real property (land) or longer than 1 year have to be in writing.
as long as it is signed by the people involved then, yes it is legal.
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Are all promises legal contracts?
True
What has the author Tina L Stark written?
Tina L. Stark has written: 'Drafting contracts' -- subject(s): Contracts, Legal composition, Language
What has the author Steven Shavell written?
Steven Shavell has written: 'Contracts, holdup, and legal intervention'
All promises are legal contracts truefalse?
True
Why do certain contracts have to be written to be enforceable?
Certain contracts must be written to be enforceable to ensure clarity, prevent misunderstandings between parties, and serve as a tangible record of the agreement. Written contracts help establish the terms and conditions agreed upon by all parties involved, which can be referenced in case of disputes or legal action.
What is the definition of contracts?
Legal agreements written up between two parties.
Are all written contracts formal?
No.
How old do you have to be to sign a legal document in Australia?
Eighteen is the legal age to sign contracts in Australia.Eighteen is the legal age to sign contracts in Australia.Eighteen is the legal age to sign contracts in Australia.Eighteen is the legal age to sign contracts in Australia.
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What has the author Nathan Walker written?
Nathan Walker has written: 'Legal pitfalls in architecture, engineering, and building construction' -- subject(s): Architects, Construction contracts, Engineers, Legal status, laws
What has the author John Edward Murray written?
John Edward Murray has written: 'Murray on contracts' -- subject(s): Contracts 'Purchasing and the law' -- subject(s): Commercial law, Purchasing agents, Industrial Trusts, Legal status, laws, Antitrust law, Handbooks, manuals 'Contracts of the rich and famous' -- subject(s): Contracts, Celebrities 'Murray on Contracts, Third Edition, 1990' 'Sales and Leases' 'Contracts' -- subject(s): Contracts, Cases 'Corbin on contracts' -- subject(s): Contracts
What has the author Kathleen K Bach written?
Kathleen K. Bach has written: 'Research guide, surrogate motherhood' -- subject(s): Contracts, Legal research, Legal status, laws, Surrogate mothers
