The Snake Keeper Blog

For example, employers, workers and independent contractors may find it invaluable to document the terms of their agreements in an employment contract or service agreement. While an oral agreement can be legally enforceable, it can be difficult to prove it in court. For an oral agreement to be binding, the elements of a contract in force must be present. To illustrate how the elements of a contract create binding terms in an oral agreement, we use the example of a man who borrows $200 from his aunt to replace a flat tire. Most oral contracts are legally binding. There are, however, some exceptions, depending on the design of the contract and the subject matter of the contract. In many cases, it is best to establish a written agreement to avoid litigation. In addition to these four elements, a binding agreement must have a legitimate objective and clear conditions. So the contract cannot provide someone with money to do something illegal or have ambiguous or incomplete terms…