Are verbal agreements legally binding?
For contracts not subject to a statutory written-form requirement, a verbal agreement is also binding; however, due to the difficulty of proof, significant transactions are strongly recommended to be made in writing.
This answer is provided for general informational purposes and does not constitute legal advice. Consult a lawyer for an assessment specific to your situation.
Frequently Asked in This Area
- Is it really necessary to have a lawyer review my contract before signing?
- Should every contract include a penalty clause?
- Can the counterparty terminate the contract unilaterally?
- Is a contract drafted in a foreign language valid in Türkiye?
- What happens if a contract does not specify the competent court?