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Oral and written contracts are enforceable under Mexican law.
No. In practice, it is common to have commercial agreements drafted in English when parties have different nationalities. In the case of a trial before a Mexican court, it is necessary to present a translation of the agreement, certified by an expert authorised by the court.
SRE Permit Article 27 of the Mexican Constitution permits foreigners to acquire land in Mexico, provided they agree to consider themselves as Mexican nationals concerning the acquired property and do not invoke the protection of their country of origin or domicile for matters regarding the property.
There are three contracts normally involved in a real estate transaction in the restricted zone: ? Offer to Purchase ? Promissory Agreement ? Trust Agreement or Deed to the property.
Although signing a contract is a common way of accepting an offer, there are various other ways of acceptance. For example, if you offer a contractor to paint your home for a certain sum of money and make some advance payment to him, the receiving of advance payment itself amounts to an acceptance by the contractor.