Legal OpinionOn the subject of contracts, if proven, even a verbal contract is legally binding, e.g. a handshake, as long as the actions taken by both parties are indicative of the agreement. On the other hand, even a signed contract can be broken, and the only recourse is to take expensive legal action. Check it out by researching legality of contracts. For example, read the following: Requirements According to Jeffrey A. Helewitz in "Basic Contract Law for Paralegals," the following elements must be present in a valid, enforceable contract, whether oral or written: 1. Offer 2. Acceptance 3. Consideration (something of value, such as goods or money) 4. Permissible subject matter (contracts for illegal acts, for instance, are not enforceable) 5. Legal age and mental ability to enter into a contract ("capacity") 6. Intent to form a contract