Most oral contracts are legally binding. There are a few exceptions, however, depending on the design of the agreement and the purpose of the contract. In many cases, it is best to draft a written agreement to avoid litigation. For reasons of clarity, a contract is a formal process and can be written or oral. Agreements can be considered as previous contracts, often less formal, but which can be formalized as soon as the elements of the contract are available. So they could help a friend build his house, but it`s still not a contract, unless the two parties accept several other elements of the same contract. In a treaty governed by law, reflection plays a crucial role, which is why we want to continue by discussing the extent and variants of the agreement that are dealt with under the Indian Contracts Act. There are two main differences between an oral contract and a written contract. The first and most obvious is that an oral contract is an oral agreement.

Second, oral contracts are pronounced, that is, there is no other evidence that they were created, with the exception of the parties or witnesses who heard them. Both provisions were carefully applied in Narandas Morardas Gaziwala vs. S.P. Am. Papammal 1967 AIR 333, where the question was whether the applicant was entitled to enter into a probation agreement to prove the condition of the change of sola, that the High Court stated that there was a complementary oral agreement, that the obligations mentioned in the debt title would not be applied for 5 years and that there was a condition that there be a condition. Thus, the Supreme Court voted with the High Court point and found that the condition (3) of Section 92 of the Freedom of Expression Act gives the applicant the power to cite as evidence the above condition, where oral approval can be proven if there is a previous condition. The applicability of the debt was the precedent. Thus oral approval was rightly proven. If an oral agreement is reached, the agreement can still be submitted in writing to formalize the treaty. If you explain it in writing, the terms of the agreement will be clarified and some of the potential problems that may arise in the future will be completely resolved. Getting a lawyer to write down the draft agreement and revise the contract is an option. Expect the lawyer to ensure that the necessary legal language is in the finished document.

A lawyer can also help explain what your commitments are if you accept the agreement. Many oral contracts are legally binding, but the possibility that a party will not respect its commitment still exists; That`s why people often prefer to make their deals in writing.