When engaging in any contractual agreement, it`s important to understand the legal requirements surrounding the documentation of the agreement. Many contracts can be agreed upon verbally, but certain types of contracts must be in writing to be legally valid. In most states, the following types of contracts require written documentation:

1. Real Estate Contracts: Any agreement related to a transfer of real estate must be in writing. It`s important to document the details of the transaction, such as the agreed-upon price, the property`s legal description, and any contingencies that must be met before the sale is completed.

2. Marriage Contracts: Pre-nuptial and post-nuptial agreements are contracts that outline the terms of a future divorce settlement. These agreements must be in writing and signed by both parties to be legally valid.

3. Contracts Lasting More Than One Year: Any contract that lasts longer than one year must be in writing. This includes agreements related to employment, rental of property, or any other type of long-term agreement.

4. Lease Agreements: Both residential and commercial lease agreements must be in writing and signed by both the landlord and tenant. This ensures that all parties are aware of their obligations, such as rent amounts, lease term, and any stipulations related to the use of the property.

5. Contracts for the Sale of Goods Valued at Over $500: If a contract involves the sale of a good or product valued at over $500, it must be in writing to be legally binding.

In addition to the above contracts, it`s always a good idea to have a written agreement for any important business transaction. This can include contracts related to services provided, loans, or any other type of legal agreement. While verbal contracts are often legally binding, having a written contract can provide additional protection in case of any disputes or misunderstandings.

In conclusion, it`s important to understand which types of contracts require written documentation to be legally valid. Real estate contracts, marriage contracts, contracts lasting more than one year, lease agreements, and contracts for the sale of goods valued at over $500 must all be in writing in most states. When in doubt, it`s always best to consult with a legal professional to ensure that your contracts are legally binding and provide the necessary protection.