Скачать или смотреть Oral Agreements Are Contracts Too

A contract does not always have to be written to be legally binding.
Many people assume that only written agreements are valid, but in law, oral agreements can also form enforceable contracts. What matters is not the format of the agreement, but whether key legal elements are present.
These elements include an offer, acceptance, consideration, and the intention to create legal relations. While oral contracts may be legally valid, proving their existence during a dispute can be challenging.
This is why written contracts are always safer, even though verbal agreements can still be recognized by law.
Follow Legal Chronicles for clear and simple legal awareness.
#LawExplained
#LegalAwareness
#Contracts
#KnowYourRights
#LegalChronicles