Even if the parties involved in the contract did not sign anything and there was a type of formal close to the contract, then technically the contract exists. Formally closing a deal could be as easy as shaking hands. Most people beleive that a contract only exists if there is a document with signatures on it. This is not necessarily true.
http://wblawgroup.com/WebbBordson/blog/you-can-sue-and-be-sued-for-breach-of-contract-even-if-you-didnt-sign-anything/
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