Oral Contracts in New York: How Valid Are ‘Handshake’ Agreements?
Famous film producer Samuel Goldwyn is reputed to have remarked that “an oral contract is not worth the paper it’s written on.” Goldwyn’s alleged comment echoes a widespread sentiment in the legal profession and elsewhere that oral contracts are of dubious validity and are “very difficult to enforce.”[1] In reality, New York courts, to a … Continued
