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Can I Register a Handshake Deal as a Legal Agreement?” π€π§ Ah, the classic startup dilemma: "We trust each other! Let’s shake on it!" ππΌ But then comes the question — “Is a verbal promise or handshake deal legally binding in India?” π€π Let’s break this down (with a splash of legal humour & clarity!): ✅ Answer: Yes… but also, NO! π
In India, under the Indian Contract Act, 1872 , oral agreements can be valid IF they fulfill all essential elements of a valid contract — offer, acceptance, consideration, intention to create legal relations , and lawful object . π§ ⚖️ BUT here's the catch π proving an oral agreement in court is like finding a needle in a haystack… while blindfolded… in the dark! π΅π« So, unless your handshake has a CCTV witness and a legal fairy godmother, better get that contract on paper ! ππ️ #StartupLaw #HandshakeDeal #OralAgreement #IndianContractAct1872 #VerbalAgreement #ContractLawIndia #LegalTips #IndianLawSimplified ✨ Why Wr...
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