Question

Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three years to complete, but can be done sooner. does henry have an enforceable legal agreement with star?

Answer 1

There are 6 requirements for a verbal contract:

An offer. -- they had this

An acceptance. -- the contract was accepted

Competent parties who have the legal capacity to contract. - they both have the right to make this decision

Lawful subject matter. this is not an illegal operation

Mutuality of obligation. Both parties are obligated to do something in this case.

Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.