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When it comes to contracts in Florida, there are certain types of agreements that fall under what is known as the statute of frauds. This law requires certain contracts to be in writing in order to be legally enforceable. Failing to adhere to the statute of frauds can result in the contract being considered void.
Below, we`ve compiled a list of contracts covered by the Florida statute of frauds:
1. Real estate contracts: Any contracts related to the sale or transfer of real estate must be in writing and signed by all parties involved.
2. Contracts lasting longer than one year: If a contract has a duration of more than one year, it must be in writing.
3. Contracts for the sale of goods over a certain amount: Contracts for the sale of goods over $500 must be in writing.
4. Leases: Any lease agreement lasting longer than one year must be in writing.
5. Contracts for services that cannot be completed in one year: If a contract involves the provision of services that cannot be completed within a year, it must be in writing.
6. Promises to pay the debt of another: Contracts in which one party agrees to pay the debt of another person must be in writing.
7. Contracts involving marriage: Prenuptial agreements and any other contract related to marriage must be in writing.
It`s important to note that while some contracts may not be required to be in writing, having a written agreement can be beneficial for both parties. A written contract can help to avoid misunderstandings and disputes down the line.
As a copy editor, it`s important to ensure that any contracts you are reviewing adhere to the Florida statute of frauds. By making sure that all necessary contracts are in writing, you can help protect both parties involved in the agreement.