Recent Answers to Investment Contract Law Questions
Can a verbal agreement be considered a legally binding investment contract?
Business Contracts
Investment Contract
Washington
I recently had a conversation with a business associate regarding a potential investment opportunity. During the conversation, we discussed the terms and conditions of the investment, including the amount to be invested, the expected returns, and the duration of the investment. We did not sign any written agreement, but I am now wondering if our verbal agreement can be considered a legally binding investment contract, or if there are specific requirements that need to be met for it to be enforceable in court.
Merry K.
Good morning. If the investment involves real estate, then absolutely not. If it involves something else - it's unlikely to be enforceable as a contract until if and when money changes hands, and, even then, there has to be a "meeting of the minds" - that you both have the same understanding of what the agreement is about, including all the terms. Please be very careful, and if you will be spending any money that you can't afford to lose, go over everything carefully with a contracts/business attorney, and reduce everything to writing. Each party to the contract should have his or her own attorney. Good luck!
Investment contract legal requirements?
Securities
Investment Contract
California
I am interested in investing in a business opportunity, and the company has presented me with an investment contract. I want to ensure that the contract I am signing is legitimate and meets all legal requirements. I am looking for guidance from a lawyer to ensure that the contract is fair and legally binding.
Thaddeus W.
Happy to discuss, but it seem like maybe you want to post a formal request for bids.
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