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Most oral contracts are legally binding. There are a few exceptions, however, depending on the design of the agreement and the purpose of the contract. In many cases, it is best to draft a written agreement to avoid litigation. Just like the aunt in our imaginary scenario, you`re probably better off documenting a written agreement. Something as simple as a promised note, detailing the nephew`s promise to repay his aunt, could have avoided any quarrel over their agreement. Finally, it is less difficult to ask family members for a written loan than to bring them to justice. Offers that are subject to an expiry date – so-called option agreements – are usually priced or give the buyer the option to reject the decision without fear of losing a competing buyer. It is important to understand that a seller can charge a fee for option agreements. For example, if you decide to give a buyer 30 days to consider a purchase, you can charge for it. This usually occurs when the product or service is of great value or when the seller promises not to sell this product to another customer during this 30-day option period. Similarly, a seller may revoke the offer only after the 30-day period has expired. Finally, while it alone will not be sure that your privacy policy is legally binding, it adds another level of applicability.

Many developers state in the privacy policy that the use of the services accepts the terms. Airbnb provides this example: the purpose of the contract must be legal. In our example, the nephew`s reason is to borrow money from his aunt to replace a flat tire on his car. As such, the contract between them is legal. However, if the nephew wanted to lend money to illegally modify his car (z.B. installing lights to mimic a police car), the purpose becomes illegal and the contract is invalid. For example, employers, workers and self-employed contractors may consider it invaluable to document the terms of their agreements in an employment contract or service contract. While a verbal agreement may be legally enforceable, it can be difficult to prove in court.

Online agreements are unique in that users do not give contributions to the terms they must accept. However, with a combination of clarity and transparency, you can ensure that your online agreements remain legally binding.