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in general contracts can be oral or in writing but there are certain types of contracts that must be evidenced by assigned writing in order to be enforceable in courts of law a statute of frauds is a law passed by a legislature that requires certain types of contracts to be in writing one of the most common and confusing types of contracts that must be in writing are long-term contracts generally defined as contracts that cannot be performed within one year from the making thereof this lesson will explain when long-term contracts require assigned writing and when they dont the general rule of contract law is that contracts that cannot be performed within a year from the making thereof need to be evidenced by a signed writing otherwise they are not enforceable in courts of law the rule that requires the signed writing in evidence of a long-term contract is called the one year provision in the statute of frauds but there are exceptions to the one-year provision of the statute of frauds
