Written Contracts In Philippines

Summary

Under Philippine law, specific contracts must be in writing, including real estate sales, leases over a year, and prenuptial agreements. Rescissible contracts can be voided due to defects, such as those causing significant harm to a party or involving fraud. Understanding these requirements is crucial for legal compliance.

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Philippines
Hello! Here are some agreements or contracts that need to be in writing under Philippine law:
- Sale of real property
- Lease agreements of more than one year
- Contracts of partnership
- Donations of real property
Is there a specific type of contract you need more information about?
Is that all?
Hello! Here are some additional agreements or contracts that need to be in writing under Philippine law:
- Transfer of shares of stock in corporations
- Agency agreements where the act to be performed by the agent requires a written contract
- Marriage settlements or prenuptial agreements
Is there a specific contract you need more details on?
Isn't it *?
Hello! Under Philippine law, there are several agreements that need to be in writing. Here are the main ones:
- Sale of real property
- Lease agreements of more than one year
- Contracts of partnership
- Donations of real property
- Transfer of shares of stock in corporations
- Agency agreements requiring written contracts
- Marriage settlements or prenuptial agreements
Would you like more details on any particular type of contract?
What is rescissible contracts
Hello! In the Philippines, rescissible contracts are those that can be rescinded or voided due to certain defects. Here are some examples:
- Contracts entered into by guardians when their wards suffer lesion by more than *% of the value of the property.
- Contracts agreed upon in representation of absentees, if the absentee suffers the same lesion.
- Contracts where the creditor was defrauded.
- Contracts that refer to things under litigation if they have been entered into without the knowledge and approval of the litigants or the competent judicial authority.
Is there a specific type you need more information about?