If you are entering into a verbal agreement with another party, it is important to create a verbal agreement contract to ensure that both parties are on the same page. A verbal agreement contract can provide clarity, prevent misunderstandings, and protect both parties in case of a dispute.
Here are some tips on how to write a verbal agreement contract:
1. Start with a clear statement of purpose
Begin the contract with a clear statement of purpose that outlines the main point of the agreement. This statement should be concise and easy to understand. It should answer the question: What is the goal of this agreement?
2. Include details about the agreement
Provide specific details about the agreement. This may include things like the date the agreement was made, the names of the parties involved, the terms of the agreement, and any obligations or responsibilities that each party has.
3. Use clear language
Use clear and concise language when drafting the contract. Avoid using technical jargon or industry-specific terms that may confuse the other party. Keep the language simple and straightforward.
4. Define important terms
Define any important terms that may be used in the agreement. This can prevent confusion or misunderstandings later on. For example, if you are creating a verbal agreement contract for a rental property, you may want to define terms like “lease term” or “security deposit.”
5. Include any limitations or exclusions
If there are any limitations or exclusions to the agreement, these should be clearly stated in the contract. For example, if one party is limited in their ability to perform certain tasks, or if certain conditions must be met before the agreement can be enforced, these details should be included.
6. Include signatures
Finally, both parties should sign the contract. This confirms that both parties agree to the terms outlined in the contract and that they understand the consequences of not following the terms.
By following these tips, you can create a verbal agreement contract that is clear, concise, and legally binding. Remember to keep the language simple and straightforward, and to include all necessary details to prevent misunderstandings. A well-written verbal agreement contract can help protect both parties and ensure a successful outcome.