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
An oral contract is a contract the terms of which have been agreed by spoken communication, in contrast to a written contract, where the contract is a written document. There may be written, or other physical evidence, of an oral contract – for example where the parties write down what they have agreed – but the contract itself is not a written one. In general, oral contracts are just as valid as written ones, but some jurisdictions either require a contract to be in writing in certain circumstances
The numerical value of oral contract in Chaldean Numerology is: 6
The numerical value of oral contract in Pythagorean Numerology is: 5
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"oral contract." Definitions.net. STANDS4 LLC, 2017. Web. 24 Oct. 2017. <http://www.definitions.net/definition/oral contract>.