When it comes to agreements, a verbal agreement is often a contentious issue. In the state of California, verbal agreements are generally considered binding, but there are a few key factors you need to keep in mind to ensure the agreement is valid.
One of the most important things to consider is the statute of limitations. In California, verbal agreements have a statute of limitations of two years. This means if you want to take legal action, you need to do so within two years of the agreement being made.
Another important factor to consider is the enforceability of the agreement. To be enforceable, a verbal agreement in California must meet certain criteria, including:
– The terms of the agreement must be clear and unambiguous
– There must have been a meeting of the minds between both parties
– Both parties must have voluntarily agreed to the terms of the agreement
– The agreement must involve legal subject matter
If any of these criteria are not met, the verbal agreement may not be enforceable.
In addition, it`s always a good idea to document any verbal agreements you make. While it`s not required by law, having a written record of the agreement can help avoid misunderstandings and disputes down the line.
Overall, while verbal agreements are generally considered binding in California, it`s important to be aware of the limitations and requirements necessary for a valid agreement. If you have any doubts or concerns, it`s always a good idea to speak with an attorney who can advise you on your specific situation.