Because many oral contracts are legally enforceable,it is a good business practice in the preliminary stages of discussions to stipulate that no binding agreement is intended to be formed until a written contract is prepared and signed by the parties.

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Stipulating that no binding agreement is intended to be formed until a written contract is prepared and signed by the parties can help avoid any confusion or misunderstandings regarding the terms of the agreement, and it can also help ensure that the parties' intentions are clear and that all necessary details are covered in writing. While some oral contracts may be legally enforceable, it is generally easier to enforce a written contract that clearly spells out the terms of the agreement. Therefore, it is a good business practice to insist on a written contract whenever possible.

Because Many Oral Contracts Are Legally Enforceable,it Is a Good