Taking the Confusion Out of Common Injury and Estate Planning Worries: Answers to Your Frequent Questions
The most important job for any attorney is making sure that his client understands every aspect of her case. Although some lawyers are comfortable keeping their clients in the dark, we feel that you deserve more. You deserve to have all of your questions and concerns addressed in order to pursue your own case confidently and successfully. This is why we take the initiative to answer common questions that you may have even before you even step into our office. If you don't see your question answered below, please contact our office at 855-522-5291.
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Does a contract have to be written to be valid in Illinois?
Many clients assume that a contract must be in writing to be valid in Illinois. This is not always the case.
What Qualifies as Legally Binding?
In fact, much of the time, an oral agreement can be considered a legally binding contract. There are three main special circumstances to this rule.These circumstances are part of the Statute of Frauds that says that, because of the possibility of abuse in certain situations, a contract must be in writing in order to be valid.
The three special circumstances are:
- The sale of "real property." Real property is property that cannot be moved- for example, your house or land.
- The sale of something for $500 or more. You should always have a written contract for something that costs $500 or more.
- A contract that takes more than a year to complete. For example, a 2-year employment contract would certainly need to be in writing.
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