You cannot form a valid contract in Florida without consideration. Both parties must give "consideration" for a contract to be formed.A contract does not exist without the offer, acceptance and consideration or exchange of a product, service, or funds. The Florida Realtors As Is Contract is a standardized legal contract used in residential real estate transactions throughout Florida. In addition, an option contract requires consideration. However, an agreement, even after an offer, acceptance, and consideration, is not necessarily a legally binding contract. The contract deals with General Repair Items, WDO or Wood Destroying Organisms and Costs Associated with Open or Expired Permits. In the state of Florida, verbal contracts are not enforceable. A real estate contract must be in writing. Contract Defenses: Even after you have a valid offer, acceptance, and consideration, you still may not have an enforceable contract.