Even though it's normal practice to tell people what they want to hear, verbal remarks are frequently accepted as truths and interpreted as commitments or promises in the business world. Any strong commitment must, strictly speaking, be supported by a written contract or agreement.
What are a promise or commitment's legal requirements?
- Thread starter Shavkat
- Start date
Even when spouses leave the realms of love and enter the business, they should sign written down agreements. Terms have to be defined in everything that has to do with money. I don't like stories.
Agreement can be implied and still have legal validity. Mutual agreement is valid in court except where it is mandatory that written document must be used. In business, it is safer to have every agreement documented.
If it is not a contract that is recognized by the law, there is nothing legal about it no matter the commitment or promise.
