What must be included in the Statute of Frauds for a contract regarding land?

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For a contract concerning the sale or transfer of land, the Statute of Frauds requires that the agreement be in writing and signed by the parties involved. This requirement is intended to prevent misunderstandings and fraud concerning real estate transactions, which often involve significant amounts of money and complex interests. The written document must provide sufficient detail to identify the property in question clearly and outline the terms of the agreement.

While having a detailed description of the land is advisable and contributes to the clarity of the written document, it alone does not satisfy the Statute of Frauds unless it is accompanied by the necessary signatures. Similarly, while witnesses may add an extra layer of formality in some contexts, their presence isn't mandated by the Statute of Frauds for land contracts.

Thus, the crux of compliance with the Statute of Frauds in real estate matters hinges on the existence of a written document that includes the necessary signatures from the parties involved in the contract.

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