Business Contracts
Business Purchase Agreement
California
Asked on Oct 18, 2023
Can a business purchase agreement be verbal?
I am in the process of purchasing a business and am currently in negotiations with the seller. I am trying to understand the legal requirements for a business purchase agreement. Can a business purchase agreement be verbal or does it need to be in writing? I'm looking for clarification on this as I want to ensure that all parties involved are legally protected.
1 Attorney answer
Answer
Business Contracts
California
Answered 363 days ago
Brian W.
ContractsCounsel verified
Business Lawyer
Licensed in Alabama
Free Consultation
Business purchase agreements need to be in writing. It will protect you and each party. Let me know if you need assistance in drafting the agreement.
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