Visium Technologies Inc (VISM)

[Doc Holliday]

Legally an agreement is a contract. They need not be signed. Anything agreed to is as binding in US law as a contract written down and signed. The reason most are written down and signed is because there are many details that each party needs to remember, and it is proof of the agreement. An agreement not written down is a contract that it hard to prove. An example of contracts that are done with an agreement and not written down is the diamond market in NY. Those contracts might go for $100 mil. And they are done with an agreement, and finished with a handshake. Many contracts are done that way.