Mike Tyson made an oral contract with Rooney. Tyson's legal guardian made an oral contract with Rooney to train Tyson without any compensation until Tyson becomes a professional athlete and will continue to train him throughout his entire career.This is also relevant because it is a statute of fraud, although there was an oral contract between the two parties, no physical contract was signed.There is the one year rule that if it is impossible to complete the agreement within a year, the contract must be written.A contract should have been written from the start of their oral agreement.

What do you think of this in regards to business law?