I'm thinking about this color..... http://i448.photobucket.com/albums/qq210/Wallingford_Hot_Rods/bmw_5_series_5million.jpg. On this car.... http://i448.photobucket.com/albums/qq210/Wallingford_Hot_Rods/gtosmallmagnuson-1.jpg.
Download article as a PDF. Construction contracts do not necessarily have to be in writing. All states in the U.S. have a law â generally known as a statute of frauds â that requires certain types of contracts to be in writing in order to be a legally enforceable agreement. As the name suggests, the statute is designed to prevent fraudulent claims, especially in the case of large contracts.
A legal contract binds two or more parties into a mutual agreement based on negotiated terms and conditions. In order for contracts to be considered legal, three specific elements must always be present. These elements are required in all contracts, oral or written.