Blog: Business Contracts

Are Oral Business Agreements Enforceable?

Mar 16, 2021

Can a Contract Be Voided Because It’s Not in Writing? In the business world, much is done conversationally. You may talk with vendors and suppliers on the phone, or stop by a customer’s place of business to discuss your products. What happens if you verbally agree to the sale or purchase of goods or services but the terms of that oral discussion are never put in writing? Can the agreement be enforced in a court...

Is Your Business Contract Enforceable in Court?

Mar 5, 2021

The Requirements of a Valid Business Agreement When you own or operate a business, you enter agreements every day, with customers, vendors, suppliers, and others. You need to know that the contracts that govern your business dealings are enforceable in a court of law. Here are the basic requirements of a valid and enforceable agreement: Agreement—This may seem obvious, but the law requires at least two parties, and mandates both a binding offer and acceptance...