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Take control of your destiny with the Queen of Business Law! Join Kelly Bagla, Esq., author of “Go Legal Yourself!”, as she cuts through the often complicated and overwhelming legal side of owning a business. The Legal Lifecycle of a business is broken down into simple, winning strategies to launch an entrepreneurs’ dream into reality and give business owners what they really need to ultimately succeed, the right way! Now on Apple PodcastsSpotify or better yet, get the Go Legal Yourself APP and never miss an episode or bonus content!

May 22, 2018

Today we’re going to be discussing #9 of the ten legal issues facing entrepreneurs, “Are Oral Contracts Enforceable?” Although it’s a common misconception that oral contacts may be enforceable, there are some contracts that are governed by the “statutes of frauds.” Statutes Of Frauds have been adopted by most states and include: agreements to pay another's debts; contracts for over a certain amount of money; contracts that last longer than a party's life. These must be in writing. Please listen to this entire episode for more detail and my examples.

In summary: Reliance is huge when you’re relying on oral contacts. They are not favored in the courts.

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Kelly Bagla, Esq.
Go Legal Yourself
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