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Statute of Frauds

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 4 Minutes Read July 4, 2016

The pitfalls of unwritten contracts – Part 1

This is not to suggest that written contracts provide perfect inoculation against lawsuits—litigants often misunderstand the obvious; written information may be open to multiple interpretations; and people sue even when they have no case. Two important considerations when making an agreement that you wish to be legally binding and enforceable in a court of law, are:

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Business, Finance and Accounting, Not for Profit, Payroll / agreements, business relationships, choice of forum, choice of law, contract clauses, contract interpretation, contracts, employment agreement, enforceability, land transactions, litigation, non-profit and employment context, oral contracts, Statute of Frauds, unwritten contracts, unwritten contracts in employment relationships, written contract

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