Verbal Contract

Oral Agreement - 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.

Class Information

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Identification

Label (rdfs)
Oral Agreement
Preferred Label
Verbal Contract
Alternative Labels
Parol Contract, Spoken Contract, Verbal Agreement
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Definition and Examples

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.
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Additional Information

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Deprecated
False

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