A written agreement is where the terms and conditions of any contractual relationship are reduced into writing.
It is simply worthwhile to invest the time in drafting a detailed written agreement when entering into different transactions for example sale of land and other property or establishing legal relationships for example employer-employee, landlord-tenant, among others.
A written agreement, signed by the parties is always better than an oral agreement. This is because it eliminates the “existence of a contract” issue and the argument over what the terms of the agreement are, which understanding may differ among the parties if there is no writing; it helps parties fulfill their obligations as indicating the same in the agreement makes the parties accountable; it provides security and peace of mind for both parties; and may help avoid costly and time-consuming conflict.
Oral agreements may be convenient and sometimes enforceable however, they can lead to a number of legal issues as these do not necessarily create a binding contract. It can be extremely difficult to prove the existence of an oral contract and its terms. The only party that benefits from an oral agreement is the party breaching the contract.
Conclusion
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