NOUN | communication | 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 |
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Meaning | 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. | |
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Broader | agreement, understanding | The statement (oral or written) of an exchange of promises |
Spanish | contrato verbal | |
Catalan | contracte verbal |
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