Legal Dictionary

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Legal Dictionary

BizCounsel's dictionary of legal terms defines common terms concerning business contracts, employment law, and more.

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Legal Dictionary > Oral Contract

What's an Oral Contract?

A verbal agreement between two or more parties. Depending on the circumstances, oral contracts are legally enforceable, but may be subject to different statutes of limitations or evidentiary requirements than written contracts.

See Also: Contract, Enforceable

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