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| From Blogger Pictures |
California’s Rising Star and Super Lawyer Evan Granowitz is one of Wolf Group L.A.’s leading civil litigators specializing in corporate law, such as breach of contract disputes.
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| From Evan Granowitz |
Pitfalls of Oral Contracts
Contracts play an integral part in almost every aspect of human transactions. A fundamental understanding will help you steer clear from breach of contract disputes or aid in the defense of your case.
Oral contracts refer to any form of agreement wherein all parties involved have had a “meeting of the minds” or mutual consent. These are not limited to verbal agreements. Written documents, such as mails, or recordings can constitute an oral contract.
While U.S. courts recognize oral contracts, the Statute of Frauds was promulgated to set out requirements for agreements that require a formal, written, and signed contract primarily for the prevention of frauds. Evan Granowitz and Wolf Group L.A.’s team of experts also suggest that written contracts deter the probability of disputes, which is a risk with oral contracts.
Here are a couple of situations when oral contracts also prove to be insufficient:
1. Complex transactions. Complicated and detailed agreements are best put into writing. Moreover, it can serve as a reference in case future disputes arise.
2. Legal dealings. Transactions determined by law that must be put into writing before they are made legally enforceable, such as contracts of consideration before marriage and contracts that cannot be fulfilled within a year.
For inquiries, contact Evan Granowitz and the Wolf Group L.A. at (310) 460-3528 or visit their office at 11400 West Olympic Boulevard Suite 200 Los Angeles, California.
For more information, visit their website at www.wolfgroupla.com.
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| From Evan Granowitz |
