![Oral Contract](https://img-cdn.financeunlocked.com/headers-images/financeunlocked/3.jpg?ik-sdk-version=javascript-1.0.3)
Oral Contract
An oral or verbal contract is, in almost all cases, a valid and enforceable contract referencing acceptance of contractual terms by involved parties – though it can be notoriously difficult for a party to an oral contract seeking legal redress in the event of a dispute to prove the specific terms.