ORAL CONTRACT

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("oral contract" is a kind of...):

agreement; understanding (the statement (oral or written) of an exchange of promises)

Credits