ORAL CONTRACT

IPA (US):

 Dictionary entry overview: What does oral contract mean? 

• ORAL CONTRACT (noun)
  The noun ORAL CONTRACT has 1 sense:

1. 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

  Familiarity information: ORAL CONTRACT used as a noun is very rare.

 Dictionary entry details 

• ORAL CONTRACT (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("oral contract" is a kind of...):

agreement; understanding (the statement (oral or written) of an exchange of promises)