Skip to main content

Can a Handshake Agreement Hold Up in Court?

 Can a Handshake Agreement Hold Up in Court? 🤝⚖️

Ever sealed a deal with just a handshake and wondered, "Can this be legally enforced?" 🤔 Clients often ask whether verbal agreements have any legal standing in India. Let’s uncover the truth! 🚀

📌 Is a Handshake Agreement Legally Binding?

✅ Yes, but proving it is tricky! Under the Indian Contract Act, 1872, a contract can be oral, written, or implied, but enforcement depends on evidence and intent. 📑

💡 Key Legal Factors:
📌 Mutual Consent – Both parties must agree to the terms. 🤝
📌 Consideration (Exchange of Value) – Money, goods, or services must be involved. 💰
📌 Legality of Purpose – No contract is valid if it involves illegal activities. 🚫⚖️
📌 Proof of Agreement – Witnesses, emails, text messages, or actions confirming the deal strengthen the case. 📜

🔍 Hashtags: #VerbalContracts #HandshakeDeal #LegalTips #IndianLaw #ContractLaw #EnforceableAgreements

📌 When Can a Verbal Agreement Be Enforced?

⚖️ Freelance & Service Agreements – If work was done based on an oral contract. 💼
⚖️ Business Transactions – If there’s a record of payment and mutual obligations. 🏢
⚖️ Partnership Agreements – If actions prove business was run based on the deal. 👥
⚖️ Employment Promises – If salary hikes, benefits, or promotions were assured. 📈

😆 Funny but True: If your friend promises you ₹1 lakh for keeping their secret and then refuses to pay, an email or WhatsApp chat confirming the deal might just save you! 📩📲

🔍 Hashtags: #BusinessContracts #Startups #FreelanceWork #LegalIndia #DigitalProof #ContractLaw

📌 When is a Verbal Agreement NOT Valid?

❌ Property Transactions – Buying, selling, or renting property must be in writing. 🏠
❌ Marriage Agreements – "I promise to marry you" doesn’t count! 💍🚫
❌ Loans & Debt Agreements – Courts require written contracts for financial transactions. 💸
❌ Agreements Requiring Registration – Certain deals must be registered to be valid. 🏢

💡 Pro Tip: If you rely on a handshake deal, always back it up with texts, emails, or witness statements to strengthen your legal position! 📝👀

🔍 Hashtags: #BusinessDeals #LegalProtection #Contracts101 #IndianBusiness #LegalAdvice #StartupLaw

🏛️ Need Help Enforcing a Verbal Agreement? Lexis and Company can help you prove and enforce legally binding agreements, ensuring you don’t lose out on your rightful claims. Get expert legal support today! 📜⚖️

📞 For Expert Legal Assistance, Call: +91-9051112233
🌐 Website: https://www.lexcliq.com

Labels:

Comments

Post a Comment

Popular posts from this blog

Key Legal Services for Indian Startups!

  Key Legal Services for Indian Startups! Starting your dream business? Law firms in India offer a range of essential services to keep your startup legally secure from day one! #StartupsInIndia #LegalServices #BusinessSuccess Corporate Governance : Law firms help you set up solid governance policies, ensuring smooth operations and compliance with corporate laws. #CorporateGovernance #BusinessCompliance #StartupSuccess Debt Recovery : Struggling with unpaid invoices? Law firms assist in debt recovery, ensuring you get what’s owed without legal hassles. #DebtRecovery #LegalSupport #CashFlow Shareholder Agreements : Protect your startup with clear, legally binding shareholder agreements that prevent disputes and protect interests. #ShareholderAgreements #LegalSecurity #BusinessPartnerships Startup Mentorship : Some law firms go beyond legal services, offering mentorship and business advisory support to help your startup grow strategically. #StartupMentorship #BusinessAdvisory #LegalGu...
8 comments
Read more

Can a Minor Enter Into a Contract in India?

  Can a Minor Enter Into a Contract in India?” #MinorContractLaw #ContractActIndia #LegalCapacity #VoidAgreements #IndianLawExplained #LegalAwareness #LexisAndCompany A confused parent asked: "My 17-year-old son signed a deal online — is that even legal?" 😳🧑‍💻 ✅ Answer: NOPE! Under Section 11 of the Indian Contract Act, 1872 , a minor cannot enter into a valid contract . Any agreement signed by a minor is void ab initio — meaning legally useless from the start ! ❌📄 📌 Legal Nuggets You Should Know: ✅ Age of contract validity = 18 years (or 21 in special guardianship cases) ✅ Even if a minor agrees willingly, the contract holds no legal weight ✅ No ratification allowed once the minor becomes an adult ✅ BUT a minor can receive benefits (like scholarships, gifts) — just can’t be bound to liabilities #VoidContract #ContractAct1872 #LegalCapacityIndia #MinorRights 🎯 Why It Matters: ✔️ Protects minors from exploitation ✔️ Ensures businesses verify legal cap...
Post a Comment
Read more

The Benefits of Monthly Bookkeeping vs. Quarterly Bookkeeping

  The Benefits of Monthly Bookkeeping vs. Quarterly Bookkeeping In the world of small business management, effective bookkeeping is key to financial success. It ensures that your records are up-to-date, accurate, and compliant with tax regulations, while also offering a clear view of your business’s financial health. Yet, one question that many business owners face is whether to conduct bookkeeping on a monthly or quarterly basis. Both methods have their pros and cons, and the right choice often depends on the specific needs of your business. In this article, we will explore the benefits of monthly bookkeeping versus quarterly bookkeeping, providing insights to help you make the best decision for your business. Understanding Bookkeeping Frequency Before diving into the benefits of monthly and quarterly bookkeeping, it’s essential to understand what each method entails: • Monthly Bookkeeping: In this approach, financial records are updated every month. Transactions, such as expens...
11 comments
Read more