is a verbal agreement binding ...

State: 
Texas
Question: 
is a verbal agreement binding
Answer: 

A verbal agreement can be binding if all elements are present to create a binding contract in Texas. For example, a contract must include an offer, acceptance and consideration. The offer must be communicated to the other party and the other party must accept the offer. In addition, something of value must be exchanged between the two parties, referred to as consideration. However, some contracts must be in writing to be enforceable, like a contract for the sale of real estate or a contract that will take more than one year to complete.
 
For more information about whether your verbal agreement is binding, discuss your situation with a Texas attorney. In addition, you can find information on the State Bar of Texas’ website,
http://www.texasbar.com/AM/Template.cfm?Section=For_The_Public.

Attorney: 
elizabethcarlsen
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