News and Events for Attorneys and Executives

Unsigned Contract Still a Written Contract

By on September 13, 2018 in Commercial, Contracts

Can an unsigned contract still be a contract? The answer is yes, for statute of limitations purposes, says the 7th Circuit Court of Appeals, according to Stephen M. Proctor in a post for Masuda, Funai, Eifert & Mitchell.

On this basis, he writes, it permitted a Chicago law firm to pursue a claim of unpaid fees against a foreign company and its U.S. subsidiary.

The court’s ruling quoted prior cases: “A contract is deemed written for these purposes ‘if parties are identified and all the essential terms are in writing and ascertainable from the instrument itself.’”

Read the article.