Terms Of A Verbal Agreement

Oral contracts are often mistakenly referred to as oral treaties, but an oral contract is really any contract, since all contracts are written in language. Be sure to check your state`s laws or fraud law if you`re not sure whether or not you need a written agreement. Although oral agreements are binding under English law, the costs, stress, and energy you have to expend to prove the terms of an oral contract are probably more annoying than it`s worth. If you invest time and money in a properly crafted contract, you can be sure that your agreement is robust and enforceable.

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