Types Of Legally Binding Agreements

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These contracts are covered by the Fraud Act or a number of rules that impose the specific types of contracts that must be concluded in writing, otherwise they are not valid. Fraud law may vary from state to state, but generally speaking, the following contracts must be written to be legally enforceable: legally binding contracts traditionally do not have to be signed paper documents, although they are still required in some cases, and a written contract is still generally recommended. Nevertheless, contracts can also be concluded through telephone agreements, faxes, email exchanges and even SMS in some countries. What matters is not so much the form of the contract that an offer is made by one party and accepted by another and both parties agree. If this is the case, an offence may be challenged in court. .