Question: Reply to this thread More contracts need not be in writing to be valid and enforceable. Most contracts, especially oral ones, are equally enforceable as
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More contracts need not be in writing to be valid and enforceable. Most contracts, especially oral ones, are equally enforceable as long as the required elements of forming a contract are present and no defense s apply. In the business world, every business should have a legal advisor, primarily if the company executes many contracts. For this reason, if the statute of fraud requires an agreement to be made in writing, it is not unfair to refuse to enforce it
Technology has afforded us the luxury of convenience and made it easy to do business and sign documents to close deals without being in person. However, technology has its cons. Businesses get hacked constantly, and someone else can sign and complete a transaction on your behalf. The law should give electronic signatures the same legal effect as in person, but with provisionary clauses in the situation where someone got hacked and they can prove it Such clauses should be specific, fully disclosed in the agreement, and reviewed in the court before they are enforced. The moral clause should control all parties to the contract. For example, if a company makes a donation to a terrorist group, an athlete or celebrity should have an option to end an agreement with that company as well, should they choose to
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