While many kinds of oral contracts have legal force, there are specific instances where a contract must be in writing in order for it to be enforced. Those situations are set forth in each state’s “statute of frauds.” In New Jersey, the following types of contracts are must be in writing:
The Uniform Commercial Code (UCC), which governs business agreements, also requires that a contract for the sale of goods involving a sum greater than $500 must be in writing. The UCC also mandates that certain security interests may not be enforced based on an oral agreement.
At the office of Howard N. Sobel, we provide comprehensive contracts counsel to businesses and business owners. Contact our office online or call us at 856-424-6400 to set up a free initial consultation (on selected cases). We are currently available by phone, text message, or videoconference only. Evening and weekend appointments can be arranged upon request. We accept all major credit cards.
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