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TA This is a Legally Binding Contract If Not Understood, Seek Form

TA This is a Legally Binding Contract If Not Understood, Seek Form

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the following BL TV program is brought to you by O'Flaherty law please enjoy welcome to learn about law my name is Kevin o Flaherty from O'Flaherty law and today we're going to answer the question of when is a contract valid if it's not signed by both parties so let's start with some basic principles here oral contracts are contracts they are exceedingly hard to prove but an oral contract can be valid what even if it's never reduced to writing so a contract requires offer acceptance and consideration consideration is just the exchange of value between both parties if all of those 3 things are present you don't even need a contract to be in writing to be valid except there are certain types of contracts which we discuss in more detail learn - about - law comm that fall within something called the statute of frauds and the statute of frauds requires that contracts of a certain type and there's a list of about seven different types of contracts need to be in writing in order to be valid

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