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oral contract

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.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
agreement, understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"


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A promise will not be enforced unless the actions attending it clearly refer to the existence of the oral contract for sale of the land.
com, Spears' conservators maintain that the pop star doesn't owe Lutfi anything - because an oral contract she made with him means nothing.
The award type between the two is a definitive contract, which is "a written or oral contract reflecting the last thing two parties have agreed on," explained Abdel Aziz Aidaros, corporate lawyer at LAW FIRM.
 
 
 
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