A verbal agreement may constitute a binding agreement or contract although it must meet certain requirements. Whether the parties have a valid contract is a determination that must be made by a judge. Some agreements must be in writing in order to be binding. These include transactions regarding real estate and an agreement to make a Will.
Depends upon what you are talking about. Given that the question is placed into the property law section, I would say no. Real property (land) requires a written agreement to be binding. Oral portions relating to that transaction (I'll fix this problem if you buy) may be enforcable. Depending on the issue, this might be a good time to talk to an attorney in Wyoming.
An old saying is a verbal contract isn't worth the paper it's printed on. If it's an agreement for something that does not require a written contract - like the purchase of real estate - then it is legally binding, the problem is proving who said what and what was promised.
Alaska says a contract is not required to be written between two parties. They just stress the importance a written arrangement gives the parties in a trial.
Yes, if there is enough evidence to convince the court that there was a legal agreement.
Only if you can provide enough proof of the verbal agreement to satisfy the court.
It could be legal, it might not be. A contract for real property must be in writing. That would include land. And any contract that is for more than a year must also be in writing.
Yes but hard to prove.
No. Not Florida, but maybe Texas. A verbal agreement, like a wedding vow would be binding. To "unwind" the verbal agreement will probably require a divorce lawyer.
If two people, in front of an attornery, come to a verbal agreement. How much weight will this hold if it is disbuted?
Verbal agreements are not binding anywhere.
No, a contract must be in writing. (You can lie all you want to!)
What you are creating is more of a "Gentleman's Agreement" than a contract. It is not legally binding but depending on the conditions, if both parties trust one another, it could work for a simple room agreement.
It depends upon what you are talking about. For real property contracts, the buying and selling of land, no, a verbal is never enough. You should consult an attorney in your state for specific details.
Not unless you have a recording of the phonecall as evidence and a judge rules in your favor.
An verbal agreement is something two or more parties have agreed to do, agreed not to do or an arrangement made verbally and not in writing. In some jurisdictions a verbal agreement can be binding if there are truthworthy witesses to it, in other jurisdictions it may not be binding.
An unwritten, legally enforceable agreement is usually called a verbal contract.
Yes, a verbal agreement is legally binding. However it can be difficult to enforce because there is no fixed record of the terms, only the word, and memories, of the parties to the agreement.
Yes, as long as it was validly executed by the parties and constitutes a legal agreement.
A properly written contract, signed by both parties, is tangible evidence of an agreement that is indisputably "legally binding".Generally, the problem with verbal agreements is that there is no evidence they exist. There is only a "he said, and he said" situation. In order to bind the other party to a verbal agreement, the moving party would need to bring an action in a court of equity and provide the judge with enough outside evidence that there was a verbal contract between the parties and the other party has breached it. Without compelling outside evidence such as witnesses, the judge cannot find that any contract existed between the parties.