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Monthly Archives: January 2020

Should We Put This in Writing? Enforceability of Oral Contracts

By Jan 29, 2020 Posted in Articles

Common public perception is that no legally binding contract exists between two or more parties who engage in a “handshake” deal absent a written agreement.  However, a court may rule that oral contracts are enforceable.  The party seeking to enforce the contract must establish three basic elements:  an offer, consideration, and acceptance of the offer.  Consideration is either a benefit given or to be given to the person who makes the promise [or some other […]

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