{"iri":"https://folio.openlegalstandard.org/R7wrI57WaogjWdkpozaYZyV","label":"Oral Agreement","sub_class_of":["https://folio.openlegalstandard.org/R7NuHbXZluNRzq9D1bLM716"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Verbal Contract","alternative_labels":["Parol Contract","Spoken Contract","Verbal Agreement"],"translations":{},"hidden_label":null,"definition":"An Oral Agreement is a contract or agreement that is spoken and not written, where the parties express their mutual intentions and promises through verbal communication. While enforceable in many legal contexts, proving the terms and existence of an oral agreement can be more challenging than a written one.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}