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Home Q&A Forum Can a business purchase agreement be verbal?

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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