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Over the course of your life you are bound to enter into more agreements than you’d probably care to think about. These agreements may be printed or electronic, express or tacit, written or verbal. When entering into an agreement, how often do you ask, “How will this end?” Probably not often. Yet it’s an important…
How effective is a verbal agreement? Is it binding? A lot of businessmen and women enter into verbal contracts without being entirely sure whether they’re valid, or how effective the contract is. In general, South African law recognises verbal agreements. There are some exceptions to this. For example, a sale of property needs to be…
‘Twas not so long ago that a man’s word could be irrefutably trusted, a business transaction was reliably sealed with a solid, spittle-encrusted handshake, and honour was revered. Of course, it’s somehow so much easier to keep to the promises you made over a late-night game of poker when breaking your ale-infused word would result…