Contract Validity In Texas

Summary

In Texas, a contract is generally considered binding once signed. However, if the other party has not signed, it may not be enforceable. Contract retraction might not be possible unless explicitly stated. Consulting a local attorney is recommended for personalized advice.

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I need to know if a contract is valid? I signed a contract giving a person *% of my company. I retracted the contract * hrs after I signed and said I needed to make revisions. She did not allow that. She has never signed and returned the contract to me. And she has breached the contract. Is this contract legal and binding and does she own *% of my company?
Hello ****, could you please tell me in which country or state this contract was signed? The laws about contract validity vary depending on the location.
Texas
In Texas:
- Both parties must sign for a contract to be binding.
- If either party breaches, the contract may be void.
- Contract retraction might not be possible after signing, unless allowed in the contract.
Please consult a local attorney for personalized advice.
It does not state that
****, when you say "it does not state that", are you referring to the contract not mentioning anything about retraction after signing?
Yes
In Texas, law generally considers a contract binding once signed. However, if the other party didn't sign, it may not be enforceable. Still, it's best to consult a local attorney to discuss your unique situation, as they can provide personalized advice.
Thank you!
You're welcome, ****! If you have any more questions in the future, don't hesitate to reach out. Wishing you the best with your legal situation.