ST Picks: Have a verbal deal with someone? Put it in writing to avoid costly disputes

Quick Summary:

It is hard to prove verbal agreements because it boils down to who can tell a more convincing story.

The aggrieved parties often face a huge obstacle in proving the existence of such an agreement because the contest will often boil down to who can tell the more convincing story.

When it comes to money, a “gentleman’s agreement” struck verbally often proves to be problematic when civility goes out of the window in a dispute.

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Article Details

Author / Journalist: Tan Ooi Boon

Category: EconomyBusiness

Markets: Singapore

Topics: Unlimited Months 99/month Money Stories Access Limited First Stake Media Subscriber-only

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-08 @ 05:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Readers: 71 people read this story

Article Length: 179 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24201652

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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