When should I use written contracts?
An example of an AI chatbot conversation about when to use written contracts.
When should I use written contracts?
Written contracts are essential when the terms of an agreement are complex, involve significant obligations, or require legal enforcement.
Can you give me examples of situations where a written contract is necessary?
Sure! Examples include real estate transactions, employment agreements, and any business partnerships.
What are the risks of not having a written contract?
Without a written contract, you may face misunderstandings, lack of legal protection, and difficulties in enforcing agreements.
Are verbal agreements legally binding?
Yes, verbal agreements can be legally binding, but they are harder to prove and enforce compared to written contracts.
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