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No. You can make a verbal contract if you so desire, with only the two parties. But, it's not worth the paper it's printed on. Legal contracts require three things. Offer, acceptance, and consideration. You can get it notarized or anything you want, make people watch if you so wish. But even if you scribble crap on a napkin and if it meets the minimum requirements, it's valid.
What else can I help you with?
What are the requirements for a valid contract?
For a contract to be valid, it must include an offer, acceptance, consideration, legal capacity, and legal purpose.
Is a contract still valid if witnessed by a family member?
No witness is required for a contract. It only helps validate the agreement.
Is a faxed contract valid?
Yes it is. That's the advantage of fax, it can be use a legal document.
Key elements of a valid contract?
A valid contract includes an offer by one party, acceptance by the other party, consideration exchanged between the parties, legal capacity of the parties to enter into the contract, and a legal purpose for the contract. These elements are essential for a contract to be legally enforceable.
Is an email a valid form of acceptance in contract law?
No. Anyone could have sent the e-mail. It is best to have the document signed and notarized or witnessed.
Ingredients of valid contract?
There are 7 ingredients to a valid contract 1. Offer; 2. Acceptance; 3. Consideration 4. Capacity to contract; 5. Intention to Create Legal Relations; 6. Consent 7. Legality
Is a verbal contract a legal contract?
a verbal contracty is as equally valid as a written one, as long as the party alleging the contract can prove agreement on certain terms
Does a holographic will need to be witnessed in order to be considered valid?
Yes, in most jurisdictions, a holographic will needs to be witnessed in order to be considered valid.
What are the five elements which must be present in a contract to make it valid?
Agreement Consideration Legal Object Competent Parties Legal Form
Does a faxed document signature need to be witnessed and is it legal to witness the signature when It is faxed back to you?
No, faxed signatures cannot be notarized or considered as valid and/or "legal" unless they can be witnessed in person. How do you REALLY know the person on the other end of the fax (or e-mail) is REALLY who they say they are?
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
Can a codicil be hand written?
Yes, a codicil can be handwritten as long as it meets the legal requirements for a valid codicil in the relevant jurisdiction, such as being signed, dated, and witnessed according to local laws. It is recommended to consult with a legal professional to ensure the handwritten codicil is legally valid.
