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The requirements for a valid contract would include the acceptance of the terms by all of the parties to the contract. If all parties did not agree by signing the the contract the agreement is not fully executed and therefore not legally binding.
What type of contract is this as it may fall under the statute of frauds as well?
Statute of Frauds contracts required to be in writing:
Based on the period of time for the contract it exceeds the one year requirement. https://www.expertlaw.com/library/business/statute_of_frauds.html
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