Yes, verbal agreements can be contracts, but they're often harder to prove than written contracts. It's always best to put agreements in writing.
If one party breaks the contract, the other party may seek remedies, which could include compensation or enforcing the contract's terms.
No, signing a contract should always be voluntary. If you feel pressured, it may affect the validity of the contract.
If you're unsure, it's a good idea to review any agreements or documents you have. You can also reach out to the other party involved to clarify.
Not necessarily! Contracts can sometimes be renegotiated or terminated, depending on the terms and circumstances.
A valid contract usually includes an offer, acceptance, consideration, and mutual consent. If everything checks out, you likely have a strong contract.
Having a contract means you have a legally binding agreement that outlines the rights and responsibilities of all parties involved.