Q: Is a verbal agreement enforceable in Delaware if it was made for 1 yr?
A: Your question brings up a doctrine known as the statute of frauds, which provides that a contract that is incapable of being performed in one year is unenforceable.
A: Although I am not an expert in Delaware contracts laws, under the general laws of contracts there are many situations where an oral contract may be enforceable. Examples are; "completed contract", contracts for the sale of goods less than $500 (UCC), contrasts that can be performed in less than one year, promissory estoppel (detrimental reliance) and this list could go on. These are outside the statute of frauds. Consult a business lawyer with your specifics. Good luck.
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