BNET Business Dictionary
Business Definition for: Verbal Contract
- an agreement that is oral and not written down. It remains legally enforceable by the parties who have agreed to it.
Additional Resources
- Bask: Rockets, Yao Ming reach verbal agreement
- 00-00-0000 Bask: Rockets, Yao Ming reach verbal agreement HOUSTON, Texas, Oct 10 AFP - The Houston Rockets have reached a verbal contract agreement with Chinese center Yao Ming, the top overall pick in this year's National Basketball Association draft. ...
- Research articles 2002-10-11
- Care and Feeding of Contract Lawyers
- Most sales pros hate lawyers... especially when they insert themselves into negotiations after there's been a verbal agreement. You have two choices: either let your local shysters throw wrenches into the wheels of your commerce, or learn to deal more effectively with the breed. Here are...
- Blog posts 2008-01-30
- Sultan pursued over gift claim.
- Byline: Susannah Moran Oct 05, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Garsec has encountered early obstacles in its bid to force the Sultan of Brunei to follow through on a verbal contract. MD Michael McGurk claims Garsec entered into...
- Research articles 2006-10-05
- Carmelo to stay in Denver and accept contract offer
- Carmelo to stay in Denver and accept contract offer WASHINGTON, July 1 Xinhua -- Denver Nuggets forward Carmelo Anthony became the first player of the offseason to make a verbal commitment on signing a new contract. The Nuggets formally offered Anthony...
- Research articles 2006-07-02
- FAA, air traffic controllers slinging verbal barbs
- Contract talks that could have far-reaching consequences on the nation's air travel system have begun -- with a bang. After three years of increased tension between the union that represents about 15,000 controllers and the Federal Aviation Administration, the two sides sat down last week to work out a...
- Research articles 2005-07-26
- Macy's seeks to end contract with Brookhaven-based Fireworks by
- Macy's is using July 4 to declare its independence from Fireworks by Grucci, prompting some verbal pyrotechnics from the East Coast's "first family of fireworks." Macy's since 1999 has used both Fireworks by Grucci and Rialto, Calif.-based Pyro Spectaculars since. Fireworks by Grucci says their contract calls for...
- Research articles 2003-07-04
- Rann dismisses threat to ship contract as hype.
- Jun 12, 2003 (The Advertiser - ABIX via COMTEX) Three states of Australia are vying for a multi-billion-dollar shipbuilding contract. On 12 June 2003, the verbal war between state leaders heated up, because they all want to play host to the $A5 billion Air...
- Research articles 2003-06-12
- Court upholds dealership's award in franchise dispute with GM.(Legal File)
- Byline: Eric Freedman The Michigan Court of Appeals has upheld a multimillion-dollar award against General Motors for breaching an oral contract to give a dealership the first right to acquire a local GMC truck franchise. After eight years of litigation, the three-judge...
- Research articles 2006-10-02
- International FiberCom Inc. announces extension of fiber optic cable contract with US West subsidiary in Nebraska
- PHOENIX--BUSINESS WIRE--Nov. 17, 1994--International FiberCom Inc. (NASDAQ:IFCI, IFCIW) (BSE:IFC, IFCW) (PHLX:IFC) announced that Kleven Construction Inc., its wholly-owned subsidiary, has received a verbal extension of its subcontract for installation services on a broadband, state-of-the-art, fiber-optic telecommunication system for a US West subsidiary in Omaha, Neb.
- Research articles 1994-11-17
- Screen star Orlando Bloom sued by ex-agent
- LOS ANGELES AFP — British screen heartthrob Orlando Bloom has been sued by his former management firm for 660,000 dollars in commissions allegedly owed for his work, including the "Pirates of the Caribbean" movies. The Firm Inc. sued the 29-year-old Bloom in Los Angeles Superior Court, claiming he breached...
- Research articles 2005-11-16
- Football: Cole's day of the contract and a killing
- Manchester United 1 Everton 0 Cole 52 Half-time: 0-0 Attendance: 67,528 YOUNGER READERS will find it hard to believe, but only 10 years ago Everton could arrive at Old Trafford as equals if not betters. A decade on and the clubs...
- Research articles 2001-02-04
- Sunny Ridge money on its way Developer gives contract to Wheaton Park District.(News)
- Byline: James Fuller Daily Herald Staff Writer Wheaton Park District bank accounts will look a little brighter in the next 90 days as developers of the Sunny Ridge Family Center property are finally ready to make good on a verbal agreement that was reached ...
- Research articles 2006-11-16
- New York Mayor, Teachers Union Trade Verbal Jabs before Negotiating Resumes.
- Daily News, New York Knight Ridder/Tribune Business News Feb. 11--With another round of contract negotiations coming up tomorrow, Mayor Bloomberg took aim at the teachers union yesterday for "running" the schools for at least two dozen years. "And the results...
- Research articles 2004-02-11
- Birmingham Post Comment: Wheeling and dealing in high places
- It was the American movie mogul Sam Goldwyn who famously remarked that a verbal contract ``ain't worth the paper it's written on''. Wise advice which was, somehow, overlooked by the panel whose job it was to interview prospective chief executives for Birmingham City Council. While it...
- Research articles 2001-12-01
- Caplin tries to halt BBC film
- PETER Foster and Carole Caplin are threatening legal action in an attempt to stop the BBC screening a fly-on the wall documentary about the Cheriegate affair. Foster's solicitor said he may seek a High Court injunction against the corporation, claiming it breached a 'verbal contract' over the...
- Research articles 2003-02-19
- What To Watch For When the Talking is Over and It's Time to Get the Deal in Writing
- The article presents the things that Power Negotiators look for as they move toward the written contract: In a typical negotiation, one verbally negotiates the details, then puts it into writing later for both parties to review and approve. There are always points that people overlooked when they were verbally...
- White papers 2003-01-01
- Offers Do Not Lead To Contracts Unless Negotiation And Acceptance Are Made
- Whether you are selling property or services, a verbal offer made by an individual or company often begins the steps involved in forming a contract. When in the market to buy or sell any item, it is important to understand the dynamics of contracts and what constitutes a contract in...
- White papers 2008-02-20
- NFL Football: RB Mack lands in Houston.
- Apr 3, 2003 The Sports Network via COMTEX Houston, TX Sports Network - The Houston Texans have reached a verbal agreement on a contract with free agent running back Stacey Mack, who had spent the past four seasons with Jacksonville, according to a ...
- Research articles 2003-04-03
- How to Negotiate a Merger
- We've boiled down what many M&A experts preach about the hard process of M&A negotiating into four basic steps that more companies ought to practice. Make Your Initial Offer GOAL: Define the ballpark parameters under which...
- Articles 2007-12-13
- Good Practice In Writing Contracts
- The title of this paper has been carefully chosen to reflect the fact it is concerned in essence with the factors and considerations which should be borne in mind when drawing up the terms and conditions of a contract. The reader should bear in mind that contracts can be verbal;...
- White papers 2007-04-12
