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In this video we look at: Is a handshake a binding agreement?

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Entrepreneurs - Is a Verbal Agreement a Binding Contract?

Many business deals have been finalised on a handshake alone. When two people trust each other and are eager to move forward with working together the formalities of paperwork and agreements can often be forgotten. But what happens when things go wrong? Can the handshake or verbal agreement be binding? This article video at the consequences of verbal agreements. Here we go...

General thinking - Verbal agreements ######

Elements for a contract: ######

Other Considerations - Promissory Estoppel. ######

A promise in contract law


Final Thoughts. ######

As an entrepreneur, you should be careful and be wary of any situation that involves making significant promises without a signed agreement. Lack of an agreement does not automatically mean you can back out of any details of the promises made, especially if the other party is likely to suffer loss as a result.


Please note this video is not legal advice always seek advice from a qualified legal professional in your jurisdiction.


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This video should not be used as a substitute for professional legal advice. You should always seek the advice of a qualified professional in your jurisdiction. Investing in crypto is risky. You should always do your own research and not invest more than you are willing to lose.

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