Boston Commercial Services Pty Ltd (ABN 87 114 658 070) CAPI Licence Number 409 456 759

You are here: Home / News / Are Oral Agreements A Legally Binding Contract?

Are Oral Agreements A Legally Binding Contract?

Oral Agreements – How To Protect Your Interests

Are oral agreements considered a legally binding contract? There are evidence and Court decisions that prove they are.

But proving an oral agreement took place is helped hugely by having the terms set out in writing. Even after the fact, a paper trail shows that a series of events have taken place and that an agreement existed.

When entering into an oral agreement, the Solicitors at Dejure Commercial Lawyers suggest that you take the time to send written correspondence outlining the terms of the agreement.

Oral agreements, like written agreements, create an expectation. This assists in clarifying the positions of the parties involved and the terms of the agreement.

Any business owner in this day and age should be working to safeguard their resources and limit their obligations. It is in your interests to take the time to protect your business interests by creating a paper trail.

Too often at Dejure do we see lengthy, costly legal disputes raised because an agreement was not properly outlined or there was a miscommunication between the two parties involved.

We want to avoid at all costs the cases of “he said, she said” type of argument.

Managing both your suppliers and client expectation is crucial.  Even though it’s quicker or easier to discuss the arrangement the time spent proving what was said can be easily managed by confirming all terms in writing.

Even once the terms are set, you may have to revisit the written terms to ensure you meet the minimum expectation.

Dejure Commercial Lawyers specializes in contract law and commercial litigation.

Save yourself the hassle of trying to prove what was said by drafting proper agreements. This will not only set out exactly what is required by both parties but can be crucial to a lawsuit when needing to be later relied on in court.

 

Get in contact with us today so we can draft your contracts.

 

Call Boston Commercials on 1300 668 699 for debt collection service in Sydney.

 

Read Also:

Changes in Payment Behavior – The Early WARNING SIGNS of Payment Behaviour

Outsourcing Your Debt Collection

Debt Collection Guidelines

 

Get In Touch

Get an obligation free assessment now


Categories

Get in touch with us

Talk to our experts in Debt Recovery, Legal Services and Finance Solutions

admin 11:11 pm
  • I have known the principal of the BOSTON Group (Derryn HARRISON) as well as key staff members (including Ben GOWER) for well over 2 decades and have been using their professional services for myself as well as for Powerhouse Logistics Pty. Ltd. on a regular basis, not only in Sydney but on a national basis.

    At all times BOSTON have been extremely pro-active, attentive, courteous and professional with all matters we threw at them. Their advice has always been extremely sound and commercial and I find them to be a "breath of fresh air" within the legal fraternity and have no hesitation whatsoever to highly recommend them.

    Peter Brueckner

    Powerhouse Logistics Pty Ltd (CEO)

  • Expect A Star has worked with The Boston Group for 10 years. In this time we have appreciated the ongoing support of Boston for all of our collection and legal requirements. Like most businesses cashflow is critical to ongoing success and growth, with Boston we have found a partner who are an extension of our business and play a key part in our cashflow management. The Boston Group bring a level of expertise to our business which is valuable and coupled with their excellent customer service we look forward to continuing to work with them for many years to come.

    Ryan Meldrum

    Former CEO

  • I have been using the services of The Boston Group and their legal entity for over 11 years. During this time I have found their service to be impeccable, delivered with the utmost professionalism and integrity. The vast majority of cases that I have placed with Boston were far from straightforward, requiring legal acumen and delicate handling. Having used all methods available without success to procure payment, I confidently placed these matters into their safe hands. In all instances a successful outcome was achieved.

    Mark Parish

    Credit Manager

  • SNP Security has had the pleasure of working with Boston Commercial Services for the past 11 years. Boston has played an integral part in the continuing success of SNP Security’s low DSO’s, 90 Day % Debt & of course Bad Debts Written Off.

    Amanda Griffiths

    National Administration Manager

Boston Commercial Services prides itself in offering specialised, professional services, through a highly experienced team of debt collector, with personalised client attention.