There are many things to know before you sign a contract. What you need to keep in mind is that signing a contract means that you’re in agreement with the terms specified within. This includes, of course, you being able to hold up your end of the bargain as well. However, were you aware that some contracts don’t even need to be signed?
That’s right. Verbal contracts are, in some instances, legally binding. However, if you want to protect yourself, the obvious choice would be to put it in writing. We can help you understand this concept.
The following are a few things you need to know about the process of Orlando Sign a contract:
Verbal contracts don’t require a signature.
Once you make an agreement with someone that specifies all the elements of a contract (this includes; offer, acceptance, consideration, and intention), both parties of the contract are required to perform their duties. Typically, if the contract is less than $500, a written contract is not necessary. This means no signature is needed. While most experts agree, the specific details of the agreement may soon be forgotten. This suggests that the best option would be to have it in writing.
Written contracts require a signature.
As per the UCC, contracts in exchange for goods that are made for more than $500 should be in writing. Contracts for land sales should also be in writing.
Keep in mind that informal writing can satisfy the statute of fraud in the UCC. This is acceptable as long as it represents the intent of showing both parties are bound by the contract. However, such signatures wouldn’t be able to meet state requirements for real estate forms. No matter what the situation may be, the smartest thing to do would be to create a well-established contract and sign it online. This way, each party involved would be accounted for their responsibilities. Additionally, a legal copy would be available for all parties.
When should you avoid signing?
It is often in your best interest not to get into a contract in the following cases:
- Where the contract doesn’t have the exact specifics for the amount, items, or a proper date.
- If you feel under duress or threatened.
- If you feel some of the terms are unclear to you and you would want to go through it with a lawyer.
In most cases,
your best option in signing a contract would be to go through the entire contract and terms with an efficient attorney. If that’s what you’re looking for, the Gretchen-Ortiz firm is here to help. We ensure you’ll be fully satisfied through our services.
If you’re clueless about signing a contract, we’re here to help you through the entire process. You won’t be disappointed!