Is a Handshake Agreement Legally Binding in India? ⚖️πΌ
Picture this: You strike a deal, shake hands, and agree on terms. But what if the other party backs out? Can a verbal handshake agreement hold up in court? Let’s dive into the legal side! ✅
#️⃣ #HandshakeDeals #VerbalAgreements #ContractLaw
✅ Is a Verbal Agreement Legally Enforceable?
YES! A verbal agreement can be legally valid in India if it meets these conditions:
πΉ Offer & Acceptance – A clear mutual agreement exists. π€
πΉ Consideration – Something of value is exchanged (money, services, goods). π°
πΉ Free Consent – No coercion, fraud, or undue influence. ⚠️
πΉ Legal Object – The deal doesn’t involve anything illegal. π«
π‘ While verbal agreements can be enforceable, proving them in court is a challenge! π
#️⃣ #BusinessContracts #HandshakeAgreements #LegalAdvice
π₯ When is a Handshake Agreement NOT Valid?
❌ If it involves real estate transactions – Property agreements must be in writing. π‘
❌ If it contradicts a written contract – A signed document overrides verbal terms. π
❌ If it lacks proof – No witnesses, recordings, or emails? Hard to enforce! π€
❌ If it’s vague – Unclear terms can lead to disputes. ⚠️
π‘ A handshake deal may work for small matters, but for big transactions, ALWAYS get it in writing! ✅
#️⃣ #ContractDisputes #LegalContracts #BusinessDeals
π How to Strengthen a Verbal Agreement?
Want to ensure your handshake deal doesn’t fall apart? Follow these steps:
✅ Confirm in writing – A simple email or WhatsApp message can help. π§
✅ Have witnesses – A third party can testify in court. π
✅ Record conversations (if legally allowed) – Helps in legal disputes. π️
✅ Convert it into a written contract – The safest option! π
π‘ When in doubt, put it in writing to avoid future headaches! π
#️⃣ #LegalProtection #BusinessLaw #ContractTips
π Need Help Drafting a Legally Binding Contract?
Avoid legal risks! LEXIS AND COMPANY can help you draft, review, and enforce contracts to protect your business and agreements. ✅πΌ
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π Website: https://www.lexcliq.com
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