Handshake agreement

[JimSpence]

What is the name of your state (only U.S. law)? Missouri

A close friend of mine and myself have a verbal agreement about my home prior to sell.

Sell date and term conditions prior to sell has been established. Mutually funded and worked on.

We would like to put this on paper. I'd write something that makes sense if I didn't here.

Does something like that hold any weight in a court?

Thanks

 

[LdiJ]

What is the name of your state (only U.S. law)? Missouri

A close friend of mine and myself have a verbal agreement about my home prior to sell.

Sell date and term conditions prior to sell has been established. Mutually funded and worked on.

We would like to put this on paper. I'd write something that makes sense if I didn't here.

Does something like that hold any weight in a court?

Thanks

This is all so vague that its impossible to give you a correct answer. However, in general, a properly written contract would generally be defensible in court. That is about all anyone here could tell you based on what you have posted.

 

[OHRoadwarrior]

Simply put, No. Here is the MO statute of frauds.

Statute of frauds--contracts to be in writing.

432.010. No action shall be brought to charge any executor or administrator, upon any special promise to answer for any debt or damages out of his own estate, or to charge any person upon any special promise to answer for the debt, default or miscarriage of another person, or to charge any person upon any agreement made in consideration of marriage, or upon any contract made for the sale of lands, tenements, hereditaments, or an interest in or concerning them, or any lease thereof, for a longer time than one year, or upon any agreement that is not to be performed within one year from the making thereof, unless the agreement upon which the action shall be brought, or some memorandum or note thereof, shall be in writing and signed by the party to be charged therewith, or some other person by him thereto lawfully authorized, and no contract for the sale of lands made by an agent shall be binding upon the principal, unless such agent is authorized in writing to make said contract.

http://www.moga.mo.gov/statutes/C400-499/4320000010.HTM