oral contract

oral contract
n.
A contract that is made verbally, or partly verbally and partly in writing.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


oral contract
An agreement based on spoken words that is valid and enforceable, provided that it is provable, meets the condition of contract formation, and is not in violation of statutes that prohibit oral agreements — for example state statutes that require sales of real property and agreements whose performance takes more than one year, must be in writing.
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Nolo’s Plain-English Law Dictionary. . 2009.


oral contract
An agreement between parties that is either partly in writing and partly dependent on spoken words or that is entirely dependent on spoken words.

Dictionary from West's Encyclopedia of American Law. 2005.


oral contract
An agreement between parties that is either partly in writing and partly dependent on spoken words or that is entirely dependent on spoken words.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

oral contract
n.
   an agreement made with spoken words and either no writing or only partially written. An oral contract is just as valid as a written agreement. The main problem with an oral contract is proving its existence or the terms. As one wag observed: "An oral contract is as good as the paper it's written on." An oral contract is often provable by action taken by one or both parties which is obviously in reliance on the existence of a contract. The other significant difference between oral and written contracts is that the time to sue for breach of an oral contract (the statute of limitations) is sometimes shorter. For example, California's limitation is two years for oral compared to four for written, Connecticut and Washington three for oral rather than six for written, and Georgia four for oral instead of 20 for written.
   See also: agreement, contract

Law dictionary. . 2013.

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