oral contract

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  • noun

Words related to oral contract

an agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to render it enforceable in litigation

References in periodicals archive ?
We have investigated three contexts of legal communication: oral contracts, constitutions, and judicial opinions.
Sam Goldwyn, one of the founders of Metro-Goldwyn-Meyer (MGM), was reported to have once said, "Your oral contract ain't worth the paper it's printed on.
An "agreement, partly written and partly oral, must be regarded as an oral contract, the liability arising under which is not founded upon an instrument of writing.
In the drafting process, the reservation granted by Article 96 was a compromise between certain socialist countries, which required written contracts, and those countries which honored oral contracts.
Tomlinson's article, Illinois Supreme Court holds that oral contracts not necessarily unenforceable pursuant to Home Repair and Remodeling Act, but why risk it?
The sticking point here is that the CISG does contain a limited provision allowing oral contracts.
Now, you might think that with this bit of scandalous history and hundreds of millions of dollars at issue, oral contracts in Hollywood would be rarer than blue-capped tourmalines--and you would be wrong
Oral contracts leave lots of room for misunderstanding and tend to change when the going gets tough.
Many recruitment agencies give oral contracts and promises to Indians to work in the UAE for Dh1,200 to Dh1,500 but those labourers are usually shocked to find that their salaries do not exceed Dh700 to Dh800 and that they are forced to take the job for at least a three-year term.
Approximately 51% of all contracts are written and the remaining are oral contracts between agents (Table 9).
Oral contracts and agreements via e-mail will be considered legitimate proof of work.
Oral contracts, while valid, are enormously difficult to prove.
Oral contracts are as binding as written contracts, except in certain instances.