So why do lawyers insist that agreements be written, signed, dated and attested? It is not because these things are necessary to reach a binding agreement. It is intended to ensure that there is no uncertainty as to the appropriateness of an agreement and that there is no ambiguity as to the terms of that agreement. It is important to remember that there is an agreement as long as there is an offer and acceptance with clear conditions. It does not matter whether it is communicated in a formal legal document, signed and attested, by hand on the proverbial cocktail towel, in an exchange of emails or text messages or orally. With respect to the first two points mentioned above, our verbal exchanges are probably considered an offer and an acceptance. But what about the next three ingredients in a contract? Was there “reflection”? If two or more parties reach an agreement without written documents, they will enter into an oral agreement (formally known as an oral contract). However, the authority of these oral agreements can be a bit of a grey area for those who do not know the law of contracts. A contract is a legal agreement. It may be a written or oral agreement. The right to enter into a contract on equal terms includes all stages of the contract, including offer, acceptance, price or even refusal of a contract. The code prohibits discrimination in all types of contracts, including contracts to purchase a home or condominium or other housing contracts, and contracts to purchase a business for a job or service. So why do lawyers insist so much that your agreements be written down? In fact, at a recent seminar, one participant spoke of an oral agreement she had reached: “An agreement is an agreement.
The case is closed! Many people rely on chords that are not limited to writing in their daily lives. In fact, many agreements are not even concluded orally. For example, if you ask someone to provide you with a good or service, you simply agree to pay for that service or service.