For a particular contract to fall under the one-year rule, the parties must subjectively believe that its performance is impossible to complete within a year.

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The one-year rule in contract law states that a contract must be in writing if its terms cannot be completed within one year from the day after the contract is made, regardless of the parties' subjective beliefs about the time it will take to complete the contract.

For a Particular Contract to Fall Under the One-Year Rule