oral contract

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Definitions from WordNet

Noun oral contract has 1 sense

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
--₁ is a kind of agreement, understanding

Definitions from the Web

Oral Contract

Description:

An oral contract is a verbal agreement between two or more parties that is not recorded in writing. It is a legally binding agreement where the terms and conditions are communicated orally rather than through a written document.

Senses:

Legally binding verbal agreement

Usages:

Popular: In everyday business transactions, oral contracts are commonly used, although they can be challenging to enforce or prove in court.
Local: In certain cultures, oral contracts hold significant importance and are widely accepted in traditional or informal settings.

Sample sentences:

The contractor agreed to perform the necessary repairs based on an oral contract with the homeowner.
Heather accepted the job offer through an oral contract, as the company did not provide a written contract.

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