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Which Contract Does Not Need to Be in Writing Quizlet

When it comes to contracts, the general rule is that they should be in writing to ensure validity and enforceability. However, there are some contracts that do not necessarily have to be in writing. Let`s take a look at some examples that you can keep in mind.

1. Verbal agreements

In some situations, verbal agreements can be legally binding and enforceable. For instance, if you agree to purchase a car from a seller and both parties agree on the price and terms, this can be considered a binding contract. However, verbal agreements can be difficult to prove in court if there is a dispute, so it`s always best to have a written contract when possible.

2. Contracts with a value below a certain threshold

In some jurisdictions, contracts that have a value below a certain amount may not be required to be in writing. This value threshold varies by state and country, so be sure to check your local laws.

3. Contracts that can be performed within a year

Contracts that can be completed within a year do not necessarily have to be in writing. For example, if you agree to provide a service to a client for a period of six months, this contract can be verbal.

4. Contracts for personal services

Contracts for personal services, such as a contract between a hairstylist and a customer, may not be required to be in writing. However, it`s always a good idea to have a written contract to avoid misunderstandings or disputes.

5. Contracts where both parties have already started performance

If both parties have already started performing the terms of a contract, a written contract may not be necessary. For example, if you agree to provide landscaping services to a client and have already started working, a verbal agreement may be sufficient.

In conclusion, while many contracts are required to be in writing to ensure their validity and enforceability, there are some situations where a written contract may not be necessary. However, it`s always a good idea to have a written contract whenever possible to avoid misunderstandings and disputes.

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