Statute of Frauds
/ˈstætʃuːt əv frɔːdz/
Definitions
- (n.) A legal statute requiring certain types of contracts to be in writing and signed to be enforceable, aiming to prevent fraud and misunderstandings.
The sale of real estate must comply with the Statute of Frauds to be legally binding.
Forms
- statute of frauds
- statutes of frauds
Related terms
See also
Commentary
The Statute of Frauds serves as a safeguard against fraudulent claims by mandating written evidence for certain contracts; drafters should specify compliance to ensure enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.