Is a Handshake Deal Legally Binding in India?” — The Great ‘Gentleman’s Agreement’ Mystery π€π π‘Client Question of the Day: "Sir, we made a verbal deal and shook hands on it… but now the other party is backing out. Can I sue them based on a handshake deal?" πOur reply: “Well… if only the court had CCTV footage of your handshake! π✋ But jokes apart, let’s talk law.” π Answer – Are Oral Agreements Valid in India? ✅ Yes! Even Oral Agreements are Legally Valid under the Indian Contract Act, 1872 — provided they fulfil essential elements like: π Offer & Acceptance π Intention to Create Legal Relations π Lawful Consideration π Competency of Parties π Lawful Object BUT (and it’s a big BUT)… proving an oral agreement is the real challenge! π #OralContracts #HandshakeDeals #VerbalAgreement #IndianContractAct1872 #LegalValidityIndia #ContractEssentials ✅ Problems with Handshake Deals: π No written evidence = No solid proof π¬ π Hard to establish terms...
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