Which of the following is an example of a contract that typically requires a written format?

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The requirement for a written format in contracts often pertains to the value or nature of the agreement involved. Contracts above a certain monetary threshold, such as $25,000, are typically required to be in writing to provide clarity and protection for all parties involved. Written contracts serve to document the terms, obligations, and expectations of both parties and are essential, especially in significant financial transactions where the stakes are higher. This written documentation helps in reducing the risk of disputes and misunderstandings, providing a clear reference point should any issues arise.

In the context of contractual law, the Statute of Frauds outlines certain types of agreements, including those involving considerable sums, which must be in writing to be enforceable. Therefore, contracts above $25,000 are a prime example of agreements that necessitate a written format to ensure legal validity, promote fair dealings, and offer recourse in case of breach.

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