Montana Approval of extension of management services agreement
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How to fill out Approval Of Extension Of Management Services Agreement?
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FAQ
Montana law provides, ?All contracts may be oral except such as specifically by statute to be in writing.? MCA 28-2-901.
All real estate contracts in Montana must be in writing and signed by both parties to be legally enforceable.
'Get it in writing' However, he also noted that in Montana, emails or text message, such as the ones exchanged between Kraft and Neff, could rise to the level of a legally binding contract. ?Certainly text, emails can rise to that level,? said Willett. ?We have a law in Montana that allows for that.?
For contracts in written form, the statute of limitations is eight years. (Refer to §27-2-202(1).) For oral contracts, the statute of limitations is five years. (Refer to §27-2-202(2).)
Put simply: yes. From a legal standpoint, verbal contracts can often be as valid as written contracts. They may be extremely difficult to regulate but you should find comfort in knowing that there are applicable state and federal laws that can help enforce such contracts and protect your legal rights.