Are Verbal Agreements Enforceable?

“Verbal agreements aren’t worth the paper they’re printed on.” – Unknown Small business owners and entrepreneurs often rely upon “handshake” or verbal agreements to conduct business. But are those agreements really enforceable? The answer is it depends. Technically speaking, verbal agreements are enforceable in New York with certain exceptions as described by the Statute of Frauds.… Continue reading Are Verbal Agreements Enforceable?