Nov 21, 2011 · Are oral contracts legally binding? Question Details: I have helped start a partnership business and now my partner is excluding me from business meetings, saying I'm lucky just to be a small part. There is no paper documented contract, just an oral agreement. Do I have the right to sue? Asked on 11/21/2011 under: Business Kansas
Contracts are a key element in doing business, which is why it is important to know and understand the terms and legal consequences of entering into an arrangement with a supplier, customer or key stakeholder. A written binding agreement holds up better legally than other types of agreement.