As a resident of Ontario, you may be wondering what the legal age is to sign a contract. In Ontario, the legal age to sign a contract is 18 years old.
This means that anyone under the age of 18 is considered a minor and cannot sign a contract without the consent of their parent or guardian. The Ontario government has put this regulation in place to protect minors from being taken advantage of in contractual agreements.
If a minor wishes to enter into a contract, their parent or guardian must provide consent on their behalf. This can be in the form of written consent or verbal consent that is witnessed by a third party.
It`s important to note that even with parental or guardian consent, certain types of contracts are still off-limits for minors. For example, a minor cannot sign a contract for a car loan or mortgage. These types of contracts require the individual to be of legal age and have the financial stability to make payments.
Additionally, contracts that involve risky or dangerous activities like skydiving or bungee jumping are also off-limits for minors, even with parental or guardian consent.
In summary, the legal age to sign a contract in Ontario is 18 years old. Minors must have parental or guardian consent to sign a contract, but certain types of contracts are still off-limits. It`s important to fully understand the terms and conditions of any contract before signing, regardless of age.