When are verbal agreements legally binding?

Can you tell me when verbal agreements are considered legally binding?

Verbal agreements can be legally binding if they meet certain criteria, like mutual consent and a clear understanding of terms.

What are the key elements that make a verbal agreement enforceable?

The key elements include offer, acceptance, consideration, and the intention to create legal relations.

Are there any situations where a verbal agreement wouldn't hold up in court?

Yes, verbal agreements may not be enforceable in cases involving real estate transactions or contracts that must be in writing.

How can I protect myself if I enter into a verbal agreement?

It's best to document the agreement in writing, even if it's informal, and keep records of any communications related to it.