Formal Contract

Definition: A contract whose legal effect depends on a prescribed form or special legal formality, traditionally including contracts under seal.

Example

A textbook contrasts a contract executed under seal with an ordinary simple contract.

Keep the distinction clear

Formal does not merely mean carefully written. Many enforceable written agreements are simple contracts, and writing requirements can also arise from the statute of frauds.

Related terms

Contract · Statute of Frauds · Express Contract

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: California DRE: real estate glossary

Pronunciation (US): FOR-mul KON-trakt (capitals show stress)

Pronunciation reference: Merriam-Webster