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In general, no. A contract does not even need to be written to be binding in many cases. (However, it is best practice to reduce any agreement to writing.)

Some types of contracts require witnesses or notaries. Check your state law if you are dealing with a settlement agreement, a property transfer, or any agreement covering a large amount of money or property.

However, should there be some dispute about the validity of the agreement or the terms of it, an independent witness would be a strong factor in court.

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Q: Does an agreement need to be witnessed by an independent person?
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