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When entering into any type of business or personal arrangement, it`s important to have a clear understanding of the terms and conditions. One of the ways to ensure this is by having a verbal agreement, which is a contract made through spoken words rather than written down. Although verbal agreements are legally binding, it`s always wise to have a documented sample of the agreement in case of any dispute or misunderstanding in the future.

A verbal agreement is typically used in situations where time or circumstances don`t allow for a written contract, or where the parties involved have a pre-existing relationship built on trust. For example, if you`re a freelance writer, you may agree to write a set number of articles for a client over the phone. Or, you may agree to a specific payment plan with a handyman for services rendered in your home.

Regardless of the circumstance, it`s important to have a sample of the verbal agreement written down to ensure clarity and avoid any potential confusion in the future. Here`s a template for a verbal agreement sample that you can use as a guide:

Verbal Agreement Sample:

Agreement made on 2024 between [party A] and [party B].

This verbal agreement is made to define the terms and condition under which [party A] agrees to perform [insert specific action/task]. In exchange for the performance of [insert specific action/task], [party B] agrees to provide [insert specific compensation].

Both parties agree that the work will be completed to the best of their abilities and in a timely manner. [Party A] agrees to keep [Party B] informed throughout the progress of work and notify [Party B] of any potential delays in completing the work.

This agreement represents the entire understanding between the parties involved and supersedes all prior negotiations and discussions between them. This verbal agreement will remain in effect until the completion of [insert specific action/task] or until both parties agree to terminate the agreement.

By entering into this verbal agreement, both parties acknowledge and agree to the terms and conditions outlined herein.

Signed by:

[Party A]

[Party B]

Having a sample of a verbal agreement in writing can help reduce any potential misunderstandings or conflict between parties. It`s important to ensure that both parties fully understand and agree to the terms and conditions of the agreement before entering into it. In any case, it`s always a good idea to consult with a legal professional to ensure that your verbal agreement is legally binding and enforceable.