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True. But whether it holds up in court or not is a different matter, but they agreed. And contracts do not need to be signed to be valid and enforceable. Handsh
by IkmoIkmo 11y ago
True. But whether it holds up in court or not is a different matter, but they agreed. And contracts do not need to be signed to be valid and enforceable. Handshake deals and verbal deals are just as valid and have indeed held up in court (even on cases worth more than a hundred million dollars). The issue is that without signatures contracts are very difficult to prove and thereby rarely hold up in court unless e.g. there are witnesses, or statements made in reference to the agreement etc, which can serve as proof.
- shostack 11y agoDid they agree? It didn't look like Billy actually did, and in fact it says there was no actual handshake, they just started working and the reader is left to guess whether Billy ever agreed (unless I'm missing something in the article of course).
- IkmoIkmo 11y agoWe don't know, it says Billy was 'happy with the handshake deal'. I doubt Billy actually literally said said "I'm happy with that', before moving on, but rather said something like 'sure, that works', before moving on, which would be agreement. But that's just speculation on my part, I really don't know and you can't tell from the article.