A Handshake Is Not Harmless: The Hidden Costs of Verbal Agreements in the UK | LegalVision
Subscribe to LegalVision’s YouTube channel: / @legalvisionlaw Sign up for our business newsletter to receive updates on our upcoming webinars and legal news: https://lglv.sn/newsletter-uk Receive a free legal health check to assess your business’ legal needs: https://lglv.sn/legal-health-check-uk You’ve done a deal and shaken hands on it. But what happens when something goes wrong? Verbal agreements can feel like an easy way to move things forward, but without a formal written agreement, they can quickly become a ‘he said/she said’ situation, causing delays, stress and a legal cost blowout. To help protect your business, Hector Andrews (Associate) discusses: what counts as a handshake deal and when it may still create legal obligations; how verbal agreements create risks that can be avoided; how to prove the terms of an agreement when there is no signed contract; the challenges of providing evidence for verbal agreements that end up in litigation; what solutions are possible if a party does not honour the agreement; and practical steps to strengthen your records, reduce uncertainty and protect your position before a dispute arises. About Hector Andrews Hector is an Associate at LegalVision who advises small to medium businesses on the commercial and legal issues that matter most to them. He works closely with stakeholders across a range of industries to deliver practical, business-focused advice. Visit legalvision.co.uk or call 0808 196 8584 to get in touch with our team. 🚀 STAY CONNECTED WITH US 🚀 To access more legal information videos to help you run your business, subscribe to our channel: / @legalvisionlaw AU WEBSITE ➡ https://legalvision.com.au NZ WEBSITE ➡ https://legalvision.co.nz UK WEBSITE ➡ https://legalvision.co.uk LINKEDIN ➡ / legalvision-group X ➡ https://x.com/LegalVision_law FACEBOOK ➡ / legalvision INSTAGRAM ➡ / legalvision_law TIKTOK ➡ / legalvision.law Request a consultation by visiting our website or emailing us at [email protected] The information provided in this video is for general informational purposes only and does not constitute legal advice. While we aim to provide accurate and up-to-date content, laws and regulations may vary, and the information may not apply to your specific circumstances. We encourage you to contact us for a free consultation so we can provide advice specific to your circumstances.
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