A contract is a legally enforceable agreement between two or more parties. In order for a contract to be formed in Wisconsin, there must be an offer, acceptance of the offer, and consideration (something of value that is exchanged between the parties).

The first step in forming a contract is the offer. An offer is a promise to do something, or to refrain from doing something, in exchange for something of value. The offer must be clear and specific, and it must be communicated to the other party.

The next step is acceptance of the offer. In order for a contract to be formed, the offer must be accepted by the other party. Acceptance must be unconditional and must be communicated to the offeror.

The final step in forming a contract is consideration. Consideration is something of value that is exchanged between the parties. It can be a payment of money, a promise to do something, or a promise to refrain from doing something. Consideration must be given in exchange for the offer, and it must be of some value to both parties.

In general, a verbal contract is a legally binding agreement between two or more parties that is made orally, rather than in writing. While verbal contracts are generally enforceable, they can be more difficult to prove and enforce than written contracts.

In order for a verbal contract to be enforceable, it must generally meet the same basic requirements as a written contract. Specifically, it must be supported by consideration (something of value exchanged by the parties), be made by parties with the legal capacity to enter into a contract, and be for a legal purpose. In addition, the terms of the contract must be clear and unambiguous, and the parties must have an intent to be bound by the contract.

There are some types of contracts that are required by law to be in writing, such as contracts that involve the sale of real estate or contracts that are to be performed over a period of more than one year. In these cases, a verbal contract may not be enforceable.

It's also worth noting that verbal contracts may be more difficult to prove and enforce than written contracts because there is often no written record of the terms of the contract. In the event of a dispute, the parties may have to rely on the testimony of witnesses or other forms of evidence to prove the existence and terms of the contract.

Once an offer has been made, accepted, and consideration has been given, a contract has been formed.  While verbal contracts are generally enforceable, it is a good idea to put important agreements in writing to avoid disputes and ensure that the terms of the contract are clear and unambiguous. This can help to protect the interests of all parties involved and make it easier to resolve any disputes that may arise.  It is a good idea to contact an attorney who can help you make sure that a written agreement is drafted appropriately to meet your expectations.