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Pages:
1 page/≈275 words
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Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Topic:

Why Contracts Should Be in Written Form Aside from Having Oral Contracts (Essay Sample)

Instructions:

Business contracts offer the legal safeguards that are required in any activity. Contracts not only reduce risk, but they also protect you and your firm by assisting you in understanding your rights and duties under each agreement. A written contract is not the only thing that matters in commercial deals. bASED ON THIS FACT, THE STUDENT WAS REQUIRED TO EXPLAIN WHY CONTRACTS SHOULD BE IN WRITTEN FORM ASIDE FROM HAVING ORAL CONTRACTS

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Content:


Oral and Written Contracts
Student’s name
University
Professor
Date
Oral and Written Contracts
The statute of frauds requires certain types of contracts be in writing. However, there is no state law requiring all contracts to be in writing to be enforceable in courts. While oral contracts are enforceable, some contracts must be in writing for them to be binding. I believe that all contracts should be in writing for a number of reasons.

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