Verbal Agreements
A verbal agreement is an understanding between two or more parties that is expressed through spoken words rather than written documentation. These agreements can cover various topics, such as business deals, rental agreements, or personal arrangements. While they can be legally binding, proving the terms of a verbal agreement in court can be challenging without written evidence.
Although verbal agreements are common in everyday interactions, they may lack the clarity and detail that written contracts provide. It's essential for parties involved to communicate clearly and ensure mutual understanding to avoid potential disputes. In some cases, laws like the Statute of Frauds may require certain agreements to be in writing to be enforceable.