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Ohio Verbal Agreement Law: Understanding the Basics

In Ohio, verbal agreements are legally binding, just like written contracts. Whether you`re making a deal with a business partner or buying a car from a private seller, verbal agreements are a common way to reach an understanding without the hassle of paperwork.

However, it’s important to understand the legal implications of verbal agreements in Ohio. Here are some basics of Ohio verbal agreement law that you need to know:

Enforceability: Verbal agreements are enforceable in Ohio, as long as they meet certain requirements. According to Ohio law, a verbal agreement is binding if it involves a clear offer and acceptance, consideration (something of value exchanged between the parties), and intent to be bound by the agreement.

Statute of Frauds: The Statute of Frauds is a legal principle that requires certain contracts to be in writing to be enforceable. Ohio`s Statute of Frauds covers contracts for the sale of real property, leases over a year, and contracts that cannot be performed within one year. If your verbal agreement falls under the Statute of Frauds, it must be in writing to be legally binding.

Evidence: In Ohio, verbal agreements can be difficult to prove in court because they typically lack written documentation. When disputes arise, it is often a matter of one party`s word against another. This is why it’s important to document any verbal agreement in writing, such as by sending an email or text message confirming the terms of the agreement.

Exceptions: There are some exceptions to Ohio verbal agreement law that you should be aware of. For example, verbal agreements for the sale of goods exceeding $500 are not enforceable unless they are in writing and signed by both parties. Additionally, some professions, such as real estate agents and attorneys, are required to have written contracts for certain transactions.

In conclusion, verbal agreements are legally binding in Ohio, but it is important to ensure that they meet certain requirements to be enforceable. If possible, it’s always best to have a written contract to avoid disputes and provide legal protection. As a professional, I hope this article has provided you with a better understanding of Ohio verbal agreement law.