Idaho Voting and Proxy Agreement
Description
How to fill out Voting And Proxy Agreement?
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FAQ
Search Idaho Statutes Contracts may be oral. All contracts may be oral except such as are specially required by statute to be in writing.
Under the doctrine of mutuality, all parties must be willing, and have an intent, to perform their obligations under the contract at the time it is made. Without mutual intent, neither party would be bound by the contract.
An oral contract is a type of business contract that is outlined and agreed to via spoken communication, but not written down. Although it can be difficult to prove the terms of an oral contract in the event of a breach, this type of contract is legally binding.
If you do not have a termination clause in your written contract, neither you nor your client can end the contract for any reason without the agreement of the other party. However, if there is a termination clause, your client might be able to terminate the contract to get the cheaper price from your competitor.
Technically, the answer is yes. Although the agreement is not in writing, you may be able to file a lawsuit if another party breaches a verbal contract. However, many oral contract cases turn into ?he said, she said? situations, which can be more challenging to prove than cases with clearly defined terms on paper.
Put simply: yes. From a legal standpoint, verbal contracts can be just as valid as written contracts. There are, of course, nuances and exceptions, and a verbal contract may be much more difficult to enforce in court should something go wrong.