Q: Is a verbal agreement to partnership in a business enforceable in regards to opening a business?
A business agreement was drawn up with an LLC but not signed.
A: Florida law recognizes oral agreements in some situations- its the duration of the agreement more so than the nature of the agreement. However, in order for an oral agreement to bind, a court would have to determine that both parties acknowledge that there was an agreement made (meeting of the minds) and the essential terms of it. Difficult to prove in many cases. if you are considering litigating the matter or if you've been sued, you should retain a lawyer right away.
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