Can My Startup Be Sued for Breach of Contract?” π€ | #StartupLitigation #LegalAdvice Starting your dream venture feels like soaring into the skies π, but turbulence like breach of contract claims can knock on your door unexpectedly. A common question clients ask us: π‘ Q: Can a startup be sued for breach of contract if the contract wasn’t even in writing? #StartupContracts #BusinessLitigation #LegalFAQ The short answer is YES! π Even oral agreements or implied contracts can land your startup in hot water if they fulfill certain legal requirements like mutual consent, offer, acceptance, and consideration. π✨ π When Can an Oral Contract Be Binding? Performance Proof : Did you or the other party act based on the terms discussed? Actions can solidify a verbal agreement. Jurisdiction Rules : Some laws recognize verbal contracts unless they fall under the Statute of Frauds (e.g., real estate or agreements exceeding a year). Intent to Form a Contract : Even informal agreements like ...
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