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I have a hand written agreement, signed but not dated, which

Customer Question
states "We agree that we...
I have a hand written agreement, signed but not dated, which states "We agree that we will make an agreement in which I (party A) will convey half interest in my property located ------(address) to (party B) " Followed by both signatures.
I am party B and party A is now refusing to follow through with the agreement. Is this preliminary agreement legally valid? What options do I have/ I am a R.I. resident.
Submitted: 7 years ago.Category: Business Law
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Answered in 1 minute by:
7/26/2010
Business Lawyer: lwpat, Attorney replied 7 years ago
lwpat
lwpat, Attorney
Category: Business Law
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Experience: Attorney with over 35 years of business experience.
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Unless there was money exchanged it is not legally enforceable, it is just a promise. For there to be a contract there has to be consideration.
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Customer reply replied 7 years ago
The agreement was made after several years that I paid for party A's attorneys fees regarding said property as well as other expenses.
Business Lawyer: lwpat, Attorney replied 7 years ago
If there was consideration for the agreement, then it is enforceable if the terms can be ascertained. An agreement to make an agreement is still just a promise that cannot be enforced. You could argue that it was meant to be fair market value and have a chance of enforcing it.
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Category: Business Law
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