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Home » LEGAL MATTERS: Can you rely on an unsigned contract?

LEGAL MATTERS: Can you rely on an unsigned contract?

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CONTRACTS are always signed in the anticipation of mutual benefit. It could be the beginning of good things for both parties.
It could also be the beginning of never-ending problems if the agreement was not drafted properly.
No matter the case, a contract binds the signatories to duties and obligations that they should not ordinarily be able to escape from. The general rule that applies to contracts is that for them to be effective, they must be signed.

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This rule, sometimes known as the caveat subscriptor is therefore, that a party to a contract is bound by his/her signature whether or not they have read or understood the contract.
One’s signature signifies their intention to abide by the terms and conditions of the contract. But what happens when you have not signed a contract, is it still binding on you?

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