A contract is an agreement whereby 2 or more people agree to do or not to do something.
Is verbal agreement sufficient?
You think you have made no commitment because you have not signed a contract? Think again: in many cases, a verbal agreement is enough. The two parties are committed to each other upon the conclusion of the agreement.
However, we advise you to always have a written agreement of your different transactions. You will have a clear understanding. Moreover, in case of problems, you will have more ease to assert your rights.
When is a written contract mandatory?
In some cases, a written contract is mandatory. Here are some examples and provides the mandatory content and cancellation terms.