Is a Verbal Contract Legally Enforceable in India? 🗣️⚖️ 🔍 Question: "I made a business deal with my friend, but we didn’t sign anything. Is our agreement still legally valid?" 💡 Hashtags: #VerbalContracts #LegalAgreements #ContractLaw #IndianLaw #BusinessDeals #LexisAndCompany The Legal Reality! 🧐 YES! A verbal contract can be legally valid in India under the Indian Contract Act, 1872 —but proving it in court can be tricky. 🏛️ To be enforceable, a verbal contract must have offer, acceptance, consideration, and intent —just like a written contract. ✍️ 📌 Hashtags: #SpokenAgreement #VerbalVsWritten #LegalObligations #KnowYourRights #BusinessLaw When Is a Verbal Contract Legally Binding? 🤝 ✔️ Business Deals & Service Agreements – If both parties agree and act upon it, the contract is valid. 💼 ✔️ Handshake Deals – If money or goods have been exchanged, courts may enforce it. 🤲 ✔️ Property Leases Under 12 Months – Short-term lease agreements may be oral. 🏠 ✔️...
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