In the fast-paced business world, it is tempting to rely on oral agreements, but Louis Zambrio warns that it can lead to legal disputes that cost money and waste time. Even though it may seem like a bad business to expend resources on writing the agreement down or to miss out on a counter-party's willingness to enter an agreement, the misunderstandings that can ensue and the potential non-enforceability of an oral agreement are worth avoiding. When in doubt, Zambrio encourages anyone doing business or agreeing to provide a service to get it in writing.
- Summary by FizzLaw Team
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Oral Contracts