ORAL CONTRACT • FREE TRANSLATOR.ORG • Definition of Oral contract

/ˈɔrəl kˈɑntrˌækt/ Listen

Oral contract

noun

An agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to render it enforceable in litigation.

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Etymology of 'Oral contract'

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"Oral contract" Quotes from Famous Books

... squatting on private lands in Natal, according to the Minister's own figures, it would be a fatal mistake to do anything to upset these people, until they had something ready to provide for them instead. The difficulty was that under the Natal law no oral contract was binding for more than twelve months, and many of those squatters had not got oral contracts, but were more or less on sufferance on the farms. It would be a great danger to pass legislation which would lead to the moving of a large portion of these people ...

— Native Life in South Africa, Before and Since • Solomon Tshekisho Plaatje

Words linked to "Oral contract" : understanding, agreement