Is Verbal Agreement Valid in Philippines

As a copy editor with experience in SEO, it is important to understand the legalities surrounding verbal agreements in the Philippines.

Under the Civil Code of the Philippines, verbal agreements are considered binding and enforceable. However, there are certain exceptions to this rule.

Verbal agreements related to real estate transactions, for example, are not considered valid unless they are in writing and signed by both parties. This is due to the fact that real estate transactions involve significant sums of money and can have long-term implications for both parties.

Similarly, verbal agreements related to employment contracts are not valid unless they are reduced to writing and signed by both the employer and the employee. This is to ensure that both parties are clear on the terms and conditions of the employment agreement.

In general, it is always recommended to have a written agreement in place to avoid any disputes or misunderstandings that may arise from verbal agreements. This is especially true when dealing with significant transactions or long-term agreements.

If a dispute does arise from a verbal agreement, it can be difficult to prove the terms of the agreement without any written evidence. It is important to note that even if a verbal agreement is enforceable, it can be difficult to obtain a legal remedy without any written proof.

In conclusion, while verbal agreements are considered valid in the Philippines, it is always advisable to have a written agreement in place to avoid any potential disputes. This is particularly important for significant transactions or long-term agreements. If a dispute does arise, it can be difficult to prove the terms of a verbal agreement without any written evidence, so it is best to err on the side of caution and have a written agreement.

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