What are a promise or commitment's legal requirements?

[Shavkat]

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.

 

[Niyi Briggs]

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.

 

[cherry123]

This is where business gimmicks comes in. They mibjy just be mere words that don't come with any commitments that's business world for you.

 

[hastral45]

Any promise or commitment made verbally must be documented and signed by the both parties before it can have any legal relevance. Other than that, it has no claim.

 

[Magnus2022]

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.

 

[nomad]

In our country, a document will be valid legally only when the document is signed in the presence of a lawyer and registered in local government agency

 

[Min George]

If it is not a contract that is recognized by the law, there is nothing legal about it no matter the commitment or promise.