oral contract
n.
A contract that is made verbally, or partly verbally and partly in writing.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


oral contract
An agreement based on spoken words that is valid and enforceable, provided that it is provable, meets the condition of contract formation, and is not in violation of statutes that prohibit oral agreements — for example state statutes that require sales of real property and agreements whose performance takes more than one year, must be in writing.
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Nolo’s Plain-English Law Dictionary. . 2009.


oral contract
An agreement between parties that is either partly in writing and partly dependent on spoken words or that is entirely dependent on spoken words.

Dictionary from West's Encyclopedia of American Law. 2005.


oral contract
An agreement between parties that is either partly in writing and partly dependent on spoken words or that is entirely dependent on spoken words.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

oral contract
n.
   an agreement made with spoken words and either no writing or only partially written. An oral contract is just as valid as a written agreement. The main problem with an oral contract is proving its existence or the terms. As one wag observed: "An oral contract is as good as the paper it's written on." An oral contract is often provable by action taken by one or both parties which is obviously in reliance on the existence of a contract. The other significant difference between oral and written contracts is that the time to sue for breach of an oral contract (the statute of limitations) is sometimes shorter. For example, California's limitation is two years for oral compared to four for written, Connecticut and Washington three for oral rather than six for written, and Georgia four for oral instead of 20 for written.
   See also: agreement, contract

Law dictionary. . 2013.

Look at other dictionaries:

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  • oral contract — A contract not recorded on paper or on computer, but made vocally which is usually enforceable. Bloomberg Financial Dictionary * * * oral contract oral contract ➔ contract1 * * * oral contract UK US noun [C] LAW ► a spoken agreement that is not… …   Financial and business terms

  • Oral Contract — A type of business agreement that is spoken, not memorialized in writing. Although it can be difficult to prove the terms of an oral contract in the event of a breach, this type of contract is legally binding. A famous example of the… …   Investment dictionary

  • oral contract — Same as parol contract …   Ballentine's law dictionary

  • 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 • Hypernyms: ↑agreement, ↑understanding …   Useful english dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • oral — I adjective announced, articulated, audible, by word of mouth, communicated, enunciated, expressed, expressed in words, phonic, said, said aloud, sounded, spoken, spoken out loud, told, unwritten, uttered, verbal, vocal, vocalized, voiced… …   Law dictionary

  • oral — Uttered by the mouth or in words; spoken, not written @ oral argument Presentation of reasons for affirmance, reversal, modification, etc. by appellee and appellant before appellate court; generally limited in time by court rule; e.g. Fed.R.App.P …   Black's law dictionary

  • contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… …   Financial and business terms

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