Appellate Practice Attorney serving New York, NY
A contract is an agreement. The agreement can be reached orally, by email, text message, or any other means (some contracts do have to be in writing to be enforceable, but a text message can be a sufficient writing). Most contracts do not require witnesses, notaries, or other formalities to be binding. However, if you did not intend to be bound until you had signed a document, you did not form a contract. In other words, if you sent a text saying "I agree to pay you $50 for your car", you would probably be bound by this contract", whereas if you sent a text saying "I will pay you $50 for your car, and we have a deal as soon as we both sign a written contract", you probably wouldn't be bound.
Answered on Nov 05th, 2013 at 5:18 PM