Verbal Agreement Canada
“An oral contract is not worth the paper it says.” – Samuel Goldwyn, film producer When someone said, “Ok, deal,” he wondered aloud if he had a binding agreement. It is important not to consider that an oral contract is sufficient to protect your interests. Often, we don`t think about contract law and the impact it has on our lives until a contract clause has been violated and we want to fix it. This is when people discover that it can be very difficult to prove what the contractual terms were or to prove that there was a contract. If a judge finds that you do not have sufficient evidence of a contract or conditions, you cannot enforce the agreement and you will oppose it without recourse. In preparation for litigation, I thought about this quote recently.