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If a court or tribunal is required to determine the contractual terms between parties where there is no written agreement, it may imply a term based on the conduct of the parties, a custom in the workplace or in the industry as a whole, a custom implied at common law, or its belief that the parties would have agreed
Terms may be agreed orally, and not committed to writing but, they will still be legally binding on the parties. If you've never been given a written copy of your contract of employment, don't worry you will still have a contract, but its terms will be implied and/or agreed orally.
Legal issues happen when you have a breach of contract with the potential for litigation or legal accountability. Legal risks include compliance, dispute, and regulatory issues. Your legal risk could result from missing contract obligations, and compliance requirements such as OSHA, HIPAA, and HITECH.
Don't worry, even without a signed agreement you can get payment for the work done. It's ideal to have a signed agreement. Despite technology and all the conveniences, in some business transactions, it isn't always possible. Whether deliberate or not, there are those clients who get around signing a contract.
When a contract is not signed, the party that allegedly breached the agreement may be able to argue that no enforceable deal was ever reached. If you do not have a legally valid agreement, you cannot bring a breach of contract claim.