Can a verbal agreement be enforced when one party has shown good faith signed agreements and given compensation and the other party has not and will not sign

I was to be a partner in a piece of
real estate purchased with a friend we
both are occupying the property I have
done maintenance spent on the
property and given half ownership of a
business that I have with assets and
income in good faith and now the
partner is refusing to sign paperwork a
give my 50 interest in the piece of
Real Estate can I do anything about
this we are both living and occupying
the property

Asked on June 21, 2016 under Real Estate Law, Connecticut

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

You can assert in court that the verbal agreement is enforceable because you detrimentally relied on the existence of a contract by doing maintenance, spending money on the property, and giving half ownership of a business with assets and income to the person who was supposed to be a partner, and that you have supporting texts and e-mails.
The problem however is that your supposed partner cannot be forced to sign the contract and can assert the defense of the Statute of Frauds which requires that a contract for the purchase or sale of real estate be in writing.


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