oral contract

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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"
References in periodicals archive ?
The text provides an overview of written and oral contracts, interviewing and screening, evaluations and warnings, and the utilization of severance pay in Mexican employment practices, the legal implications of reductions in workforce, the use of temporary workers, and trade union rights in Mexico, as well as employee benefits, workers' compensation, and a great many other pertinent subjects.
In this type of scenario, oral contracts are binding.
Farmers Wait for Turner Grain's Next Move Oral contracts, lack of formal contracts could complicate a Turner bankruptcy.
These conundrums are explicitly disputed by legal scholars in the context of writings (authoritative legal texts that are inscribed and published), but similar problems arise in the context of unwritten or oral communications that possess legal authority--including oral contracts, rulings from the bench, and so forth.
IT is often said that oral contracts are not worth the paper they're written on.
In general, claims based on written contracts can be brought under Utah law within six years of execution of the contract, claims on oral contracts can be brought within four years and claims for negligence can be brought within four years of the negligent action.
Oral contracts are just as valid as written contracts.
It found that the legislature's amendment of section 30 was not a change in the law, but, rather, was a clarification that a violation of the statute's requirement of a written contract neither rendered oral contracts unenforceable nor made quantum meruit relief unavailable.
CONVENTION ON INTERNATIONAL SALE OF GOODS (CISG) AND HOLDS THAT WHERE ONE SIGNATORY COUNTRY PERMITS ORAL CONTRACTS WHILE OTHER SIGNATORY COUNTRY DOES NOT, FORUM COURT MUST FIRST DECIDE, BASED ON FORUM STATE'S CHOICE-OF-LAW RULES, WHICH NATION'S LAW APPLIES, AND THEN APPLY LAW OF THAT NATION