Most agreements are legally enforceable whether they are in writing or verbal form, however some contracts must be in writing to be enforceable. However, because there is no formal record of the offer, consideration, or acceptance, oral agreements are highly challenging to enforce.
Legally enforceable:
- A legally binding agreement is required to safeguard the interests of the parties and avoid misunderstandings and conflicts. A contract must adhere to state law's standards in order to be considered legally binding.
- A promise or set of promises is referred to as a contract if the law recognizes a duty to perform them or if there is a legal remedy for their breach. A contract is created whenever one or both parties express a legally binding promise through their words or actions.
- A contract that is enforceable against a party according to its terms means that it is a person's legitimate, legally binding duty and that it is enforceable against that party.
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