Contracts have been used since the first evolution of the judicial system. It is a legally binding document that aims to protect the parties involved in the treaty from the modification of the provisions of the contract without the agreement of the other party. A general agreement ensures that the terms of the specific agreement will be met by both parties to the agreement as long as a contract remains in force. In the event of a breach of the agreement by one of the parties, the contract allows the aggrieved person to seek legal remedies that might not have been available had there not been a written and signed contract. An oral contract can also be characterized as a parol contract or an oral contract, a “verbal” signing “spoken” and not “in words,” a use established in British English in terms of contracts and agreements[50] and, more generally, in American English, abbreviated as “cowardly”. [51] Finally, the rating agency can be analysed on the basis of its bargaining power between companies and contracts with consumers. Parliament has decided to continue to protect the interests of the buyer if it takes the form of a consumer. According to the rating agency, the contract is responsible for creating a level playing field, clear and transparent. [10] The credit rating agency seems to impose even more restrictions and responsibilities on the distributor in the contract, since it only deals with people who do not have a professional, artisanal, professional or professional activity. The buyer`s interests are now even more protected as consumers through the rating agency. Not all agreements are necessarily contractual, as the parties are generally considered to be legally bound. A “gentlemen`s agreement” should not be legally applicable and “compulsory only in honour.” [6] [7] [8] Contracts are generally verbal or written, but written contracts have generally been favoured in common law legal systems; [46] In 1677, England passed the Fraud Act, which influenced similar fraud laws in the United States and other countries such as Australia.

[48] As a general rule, the single code of commerce, as adopted in the United States, requires a written contract for the sale of material products over $500, and real estate contracts must be written. If the contract is not prescribed by law, an oral contract is valid and therefore legally binding. [49] Meanwhile, the United Kingdom has replaced the original Fraud Act, but written contracts are still required for various circumstances such as the country (by property law in 1925).