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Are Handshake Agreements Binding?

They say that first impressions are all about the handshake. You can tell a lot about a person by how firmly (or loosely) he or she shakes your hand.

Handshakes are very common in business transactions and relationships, and even in agreements. But are handshake agreements binding? Read on and watch this quick video below to learn more.

The truth is handshake agreements can be binding—as long as the necessary elements of the written contract and agreement—such as in an offer or a business formation agreement—are present.

A handshake can mean an acceptance of that offer as well as consideration for the underlying contract.

Creative, Common Sense Strategies for Today’s Business World

We live in a complicated world today. If you are considering partnering in a business or forming a business, then it’s important to discuss your ideas and work through some creative strategies with an experienced West Palm Beach business contract attorney.

To learn more about a binding handshake agreement, or for legal advice on any type of contract or agreement, visit here to learn more about how working with a business contract attorney West Palm Beach can help.

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