A verbal contract isn't worth the paper it's written on.
About this quote
- What does it mean?
- Verbal contracts lack the security of written ones.
- In plain terms
- A spoken agreement is as reliable as the paper it's on.
- What can you take from it?
- Prefer written contracts for enforceability.
Where it applies
Putting it to work
Questions to consider
- When is a verbal agreement sufficient?
- How can trust be built without paperwork?
Another view
Verbal contracts can be legally binding in many jurisdictions.
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