Is oral contract legally valid?

Is ‘oral’ contract valid legally?

Answer (1)

Team Legistify

  • Sector-1, Noida

As per the Indian Contract Act, 1872, an oral contract is valid and binding on the parties which entered into it.But in practice,For any contract that is even remotely important to your business, make sure that you have it drafted and signed between the parties.

Answered on 28 Sep 2018


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