Oral Contract Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Oral Contract, written in plain English, along with examples of how it is used.

What is Oral Contract?

It refers to the contract made by oral communicaton or made verbally and has not been incorporated in writing. They are as valid as written agreement but have less weightage than the written contract. Oral contracts bind the two parties but usually there is no proof of the binding when theres any descripancy.