What is an agreement?

 

Verbal agreements are a common practice, and in many instances, they hold legal weight. However, there are specific scenarios where a verbal agreement might not be legally binding, particularly in the United States. Here’s a breakdown of when a verbal agreement may not carry legal weight.

  • Dealing with Real Estate:
    • If you’re talking about selling or transferring land or real estate, better get it in writing. Verbal won’t do the trick here.
    •  
  • Lifetime Commitments:
    • A lifetime is a long time! So, if your agreement goes beyond someone’s lifetime (like copyright stuff), you might need to put it on paper.
    •  
  • Big-Ticket Goods:
    • Selling something fancy worth more than $500? A verbal agreement might not be enough to seal the deal.
    •  
  • Love and Legal Stuff:
    • Anything related to marriage or divorce usually needs more than just words – get those details written down.
    •  
  • Long-Term Plans:
    • If your agreement spans more than a year, consider putting it in black and white. Verbal might not hold up.
    •  
  • Debt Dilemmas:
    • Promising to pay someone else’s debt? You guessed it – better to have it in writing.
    •  

What’s a Contract?

  • It’s like a deal memo, but written down. A contract spells out who’s doing what and who’s responsible for what. It’s the game plan in writing.
  •  

Why Do They Matter?

  • When things get messy, a contract is your superhero cape. It’s not just paper; it’s legally binding. If someone messes up, you can use it as proof and even take legal action.

 

  • Legal Muscle:
    • Your contract isn’t a pushover; it’s legally strong and enforceable.
    •  
  • Paper Trail:
    • Think of it as your deal’s receipt. Having things written down keeps everyone on the same page.
    •  
  • Peace of Mind:
    • Less risk, fewer fights. A clear contract helps avoid confusion and disputes.
    •  
  • Quick and Easy:
    • Use a template or an online portal, and you’ll breeze through the contract process.
    •  
  • No Guesswork:
    • A written contract lays it all out – no more confusion about who’s doing what.
    •  

So, next time you’re diving into a deal, remember: Contracts aren’t just paperwork; they’re your legal superhero sidekick.

 

Sample text lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent dignissim odio non orci placerat, ut tincidunt nisl fermentum. Nulla fermentum est ac enim tempus ullamcorper. Maecenas quis nulla id sem lacinia venenatis quis in purus. Suspendisse potenti.

img1

Customer name

Company name

How can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

Contact Us

How can we help you?

Contact us or submit inquiry at the Consulting WP office nearest to you or submit a business inquiry online.

Get Started