A ratified contract is usually used in real estate, but can also be used in other circumstances, for example. B if you give an employee the power to hire someone and start paying for the new hire. This means that the contract has been agreed by all parties, but it has not been fully performed. However, the acts related to it imply that the contract is valid. In this example, you may not have signed an agreement with the new employee to perform work, but by giving them their paycheck, you ratified the contract. If you need to draft a legal contract to protect an exchange between two parties, write: “It is a contract between… and indicate the names of both parties, then describe the agreement in clear and easy-to-understand language. .