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oral contract

 

Definitions from WordNet

Noun oral contract has 1 sense
  1. 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:

  1. Legally binding verbal agreement

Usages:

  1. Popular: In everyday business transactions, oral contracts are commonly used, although they can be challenging to enforce or prove in court.
  2. 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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