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Attorney here! (Not dispensing legal advice, though.)

Not in the US in many cases. Take the Uniform Commercial Code, for example, which requires a written contract for the sale of goods over $500, or agreements creating a security interest.

See https://www.nolo.com/legal-encyclopedia/when-is-written-cont... for a decent overview.



IANAL

But I believe in the UK it is only transfers of land that require a written contract. However you might want to think about how you would prove a handshake to a court




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