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we sign on the dotted line all the time but is a good old-fashioned handshake still enough to make a deal Ted Haller answers that question in this week's is it legal yes a handshake deal can be enforceable in fact you don't even need to shake someone's hands to make a deal in most cases a contract can be oral or it can be in writing for a contract to be legal three things need to happen there needs to be an offer there needs to be acceptance of that offer and there needs to be a bargain for exchange of something of value like a piece of furniture so you're probably wondering why you have to sign so many things well some contracts are so important that the key terms need to be in writing and there needs to be a signature for example this is the mortgage for my house mortgages need to be in writing so do goods that are priced at $500 or more so our deals that will take longer than a year to finish like a lease that's longer than a year those are just a few examples but there are more so...
