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OnTheOtherHandle comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong
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I don't think we've seen evidence that normal minors can make and enter contracts - I think Harry's just been implicitly granted an exception to all the rules of normal minors because he's the Chosen One. But the bad thing about implicit agreements is that the ones with official power can revoke them when convenient and the other party has no recourse.
I do not recall Harry or Hermione requiring adult input to enter their contract except for McGonagall advising them on the form and possibility of such contract. Granted, it was overseen by the Wizengamot and their legal guardian, but if they could not have done it legally by themselves, we should have seen Dumbledore's explicit approval instead of just lack of overruling it.