Is this written contract between a friend and i valid?
Question by MARK W: Is this written contract between a friend and i valid?
i was in a few bands and wrote a bunch of songs, and was going to sign all of these songs over to my friend chris and my friend mike told me to sign them over to him. so i wrote up a contract stating that since i was moving that my friend mike could have all of the songs mentioned and so on. this is a handwritten contract between the 2 of us and his wife signed it as a witness. i never moved though, and i figured he would of ripped the contract up, but my question is, is that since it says im signing the songs over to him because im moving, and i didnt move, is this contract even valid? because i didnt move and that was the reason stated for signing this stuff over to begin with. can you help me here?? hahaha thanks
-mark
the contract basically just said that since i am moving, i will signing these songs over to my friend so and so. and it said the contract could be changed by either one of us once i returned. but i never moved. i dont think this contract is a valid contract at all.
Best answer:
Answer by Adam B
It is not a valid contract, because it doesn’t have something called “consideration.” This means that this wasn’t an exchange. Basically, your friend didn’t give you anything in return for your assignment of the songs to him, and so it’s not a contract, just a “gratuitous promise” which the law will not enforce, even if it is in writing.
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