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In this BL TV program presented by OFlaherty Law, Kevin O'Flaherty discusses the validity of contracts that are not signed by both parties. He explains that oral contracts can be valid, despite being difficult to prove, if they fulfill three essential elements: offer, acceptance, and consideration (the exchange of value between parties). Therefore, a written contract is not always necessary. However, some specific types of contracts, outlined under the statute of frauds, must be in writing to be valid. For further details, viewers can visit learn-about-law.com for more information on these requirements.