Adoption is usually done. In some cases, described below, acceptance can also be inferred verbally or by performance. Some people think that contracts need to be written to be applicable. This is true for specific types of transactions (below), but all other oral (legal) agreements that contain the three key elements – an offer, an agreement and a consideration – are likely binding and enforceable under Arizona law. A party creates an offer by offering – either in writing, or orally, or sometimes only shares – an exchange of something valuable (usually goods or services) for something else of value (usually money). The offer must be included: many oral contracts are legally binding, but the possibility that a party will not respect its commitment still exists; That`s why people often prefer to make their deals in writing. Some transactions fall under the Fraud Act and must be made in writing to be legally binding, i.e. an oral agreement is not enough. All transactions involving real estate interests, whether rental or property securities, must be made in writing. Although an oral contract may be considered a valid contract if the right criteria are met, Arizona`s labour law, valid as it sees fit, requires a written contract to avoid dismissal or resignation „at will.“ This means that an oral contract can be considered a contract, but is not considered legally binding and is not sufficient to prevent an employee from being dismissed or terminated. For there to be an „offer,“ an individual (or group of people or organization) declares himself ready to trade with another person, group or organization. We talk very broadly here, and the same fundamental principles of contract law apply, whether you are the CEO of a large company that negotiates for the services of a new provider or you are a mother who provides child care to a neighbour.

An offer can take the form of an oral telephone communication, a written estimate, a proposal or even an e-mail communication. All of this may potentially contain formulations that constitute a valid offer.