What are the differences between written and verbal contracts?

What are the differences between written and verbal contracts?

Written contracts are formal agreements documented in writing, while verbal contracts are spoken agreements without written proof.

Which one is more legally binding?

Generally, written contracts are more enforceable in court because they provide clear evidence of the terms agreed upon.

Are there situations where a verbal contract is sufficient?

Yes, verbal contracts can be sufficient in certain situations, especially for small agreements, but they can be harder to prove.

What should I include in a written contract?

A written contract should include the parties involved, terms of the agreement, payment details, and signatures.

Can a verbal contract be enforced?

Yes, a verbal contract can be enforced, but it may be challenging to prove its existence and terms without documentation.